Need to purchase both liability and commercial building insurance? Bundle them together for the best rates and coverage! View information about our Small Business Package or Business Owners Package (BOP)
Why do I need liability insurance?
What would happen if a customer or visitor had an accident and became seriously injured while at your business location? Or what if someone claimed that he or she suffered harm because of your product? Without liability insurance, you could be forced to pay thousands of dollars in medical and court costs.
Would your business be able to recover – and survive the damage?
Business liability insurance helps protect you, your business and your employees from any claims in case the actions of your company unintentionally cause property damage or bodily injury to a third party.
For example, liability insurance will cover your expenses in the event that someone claims to have been negatively affected by your product or service. It can also cover your defense costs if you are sued and/or a competitor takes legal action against you.
Another example would be if someone slipped and fell while at your business location. Liability insurance would cover court and/or medical costs associated with the accident.
Depending on your policy, liability insurance generally covers:
- Court costs and settlements
- Property damage
- Attorney/defense expenses if you are sued
- Medical expenses (if a person is injured in an accident on your property)
- Accusations of false advertising or marketing
Tedford offers a wide variety of liability insurance options including:
- General Liability
- Business Income and Earnings
- Umbrella Liability
- Professional Liability
- Employment Practices Liability
- Directors and Officers Liability
Depending on the nature of your business and your location, we can help put together a package that’s right for you.
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