If you own a business in the state of Georgia, the state does not require you to carry liability insurance.
But what exactly is liability insurance and why is it a great idea (hint hint) to have it?
Let's dive in to make sure your business is properly protected.
What is Liability Insurance?
Liability insurance is a type of insurance that protects businesses from claims arising from injuries or damage caused by the business's products, services, or employees.
In the event that someone sues your company for damages, your liability insurance policy will cover the costs of defending the lawsuit as well as any settlement or judgment against your company.
Why Do You Need It?
Liability insurance is an essential part of running a business because it helps to protect your company's assets in the event of a lawsuit.
Without liability insurance, your business could be forced to shut down if it is unable to pay a judgment against it.
Not only that, but if your company does not have liability insurance and someone is injured on your premises, you could be personally liable for the damages.
That's why it's important to have proper coverage for your business.
How Much Coverage Do You Need?
The amount of liability insurance coverage you need depends on a number of factors, including the type of business you operate, the products or services you provide, and the amount of risk associated with your business.
It's important to work with an experienced insurance agent to determine how much coverage is appropriate for your particular situation.
At Arrow Insurance, we know what business owners need because we are also business owners ourselves.
At Arrow, it is always our aim to shoot straight.
We help a lot of clients in the Loganville, GA area to get covered with auto, home, health, business, and life insurance.
Let's talk to gain an overview of what exactly you have in the form of liability insurance or get you covered properly if you aren't.