The Benefits of Personal Liability Coverage

No matter how safe your building is or how careful you are as a business owner, accidents sometimes occur. If people get hurt, you may be liable for their injuries. That’s where your liability coverage comes in. If you have a Paramus commercial liability insurance policy, what can you expect it to cover?

Injuries on Property: If a visitor to your building is injured on your property, he or she may sue you for damages.

Your commercial liability policy can cover the expenses associated with the legal resolutions process:

  • Legal defense fees
  • Damages awarded by the court
  • Plaintiff’s legal fees that are part of the settlement

Injuries From Product Use: When your product is put on shelves, there is an understanding that, when they use it as directed, the buyers will come to no harm. If your product causes injury or damages their property, they may need to be compensated for these damages. You need the appropriate Paramus commercial liability insurance to protect you from having to pay these expenses out of pocket.

There are many situations where solid liability coverage can come in handy. When you are responsible for a business, you can’t afford to leave yourself vulnerable. Discuss your commercial liability needs with your insurance agent to make sure you have all the coverage you need.

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