If you own or manage a business, you must have general liability insurance. If a third party is injured, suffers property damage, or claims to have been harmed by a posted advertisement (typically as a result of a copyright infringement claim), general liability insurance will help cover these costs. Businesses aren't normally required to carry general liability insurance, but the truth is that it's the best way to protect the company and its employees if something terrible happens.
A restaurant or retail store owner who rents the building in which he operates his business and has a fire that causes severe damage to the building is an example of a property damage lawsuit. The building owner may now sue the business owner for the damage, and liability insurance will kick in to protect him. Another example of a covered claim is if a customer slips and breaks their arm inside the establishment. They will almost certainly require surgery, and the medical bills will likely mount quickly. The customer could sue for damages, and the liability insurance would cover it.
It is critical to have general liability insurance whether you have a small, medium-sized, or large business. Meet with one of our insurance agents to ensure that you are adequately protecting your assets and, if necessary, increase your limits. General liability insurance exists to protect business owners and their employees from unforeseen events.