Starting and running any business in Chandler, AZ involves taking major risks, which is why you may want to focus on different insurance policies to protect it. At San Marcos Insurance Group, we recommend having adequate liability to protect your clients and workers. So, if it’s your first time buying insurance for your business, here are the top 3 liability coverages to consider.
General liability insurance
Often known as business liability, general liability helps cover against claims from other people due to property damage or injuries. It also protects you against reputational harm and lawsuits that could result from late deliveries, poor quality products or services, as well as errors made by your workers.
Professional liability insurance
Professional liability insurance was first designed for people offering professional services, such as attorneys, carpenters, engineers, accountants, realtors, and insurance agents. However, today any business person in Chandler AZ can get this policy to protect what they do as it protects the end product or the service offered if found faulty. For instance, if you sell a hair product that ends up damaging your clients’ hair, the policy can help pay for legal fees if you’re sued.
Employer liability is a critical component of workers’ compensation that helps pay for additional legal fees if your worker sues you for injuries beyond workers’ compensation. For instance, if one of your chefs gets injured when cooking, workers’ compensation will help pay for their injuries and replace their lost income. However, suppose the chef decided to sue you for not providing protective clothing. In that case, employer liability can help cover the legal fees.
Your business needs liability insurance. Don’t wait till it has grown to buy a commercial policy. It might be too late. If you have any questions or have trouble choosing your ideal liability coverage, feel free to speak to an agent at San Marcos Insurance Group, and they will be happy to help.