So what is business liability insurance and why should I care?

Every so often in the United States, a new company is created with the intent of making a difference in the world or providing for a family. When it comes to insurance, many people are hesitant to purchase business liability insurance because they usually do not spend enough time understanding what it is for and why protecting your assets is so important.

Business Liability Insurance is the type of insurance any business needs to protect the assets of the individuals and businesses that make up that business. If a business does not protect its assets, legal action that can be taken in our sue-happy society that make a business's life miserable.

Business Liability insurance can be divided into 5 main categories:

1. Commercial General Liability – covers property and injuries

2. Professional Liability – covers errors, omissions, and malpractice

3. Product Liability – covers accidents and recalls in manufacturing

4. Employment Practices Liability – covers lawsuits from any employees

5. Pollution and Environment Liability – covers disaster clean up insurance

Confused about where to begin assessing if you need business liability insurance? Come visit our website for more information on this important subject at www.1ssinsurance.com We look forward to serving your business insurance needs!