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As a business owner, you want to protect your company from liability and damage, no matter what happens in the course of your work. General liability insurance will give you peace of mind and provide coverage where other forms of insurance might be lacking. At Philip Kent Beck Agency, their agents have helped individuals in Archdale and High Point, NC, protect their businesses and their assets. To help you better understand what general liability insurance is, their agents explain what the policies cover and how it can help your business.

Accidents on Your Property

General liability insuranceWhile workman’s compensation insurance will protect your employees should they be injured on the job, it won’t reduce your liability if your clients are injured at your property. If a client sprains their ankle at your office due to a slippery floor, you could be held liable for their medical bills. However, general liability insurance will cover the costs associated with the incident and keep your business safe from damages.

Property Damage

Should you experience an electrical fire in your space or a leak that floods the entire floor of your office building, your business may be liable for the cost of repairs if the damage extends to other tenants’ spaces. With a good general liability insurance policy in place, those expenses will be covered. You’ll still need commercial property insurance to protect your own office space, but the general liability coverage will reduce your chances of having to pay for out-of-pocket repairs for other tenants.

Tarnished Reputation

These days, social media reviews can make or break a business. However, when a negative review is truly not deserved, it can damage your reputation very quickly. A general liability policy will give you the resources you need to address the problem, even if it involves legal action. You won’t have to worry about paying court fees out of pocket and can focus on doing what you do best—keeping customers delighted with your services.

Keep your company safe with help from the small business insurance experts at Philip Kent Beck Agency today. Learn more about their coverage options by visiting their website and call (336) 434-2111 to schedule an appointment with an agent.  

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