As a business owner, you might not relish the prospect of dealing with business insurance. One coverage that you probably hear a lot about is general liability. Why do you need general liability insurance? Why is it such a big deal? We’re going to go over six reasons why your business may need general liability insurance.
Running a business means keeping an eye on company culture and employee morale. So, things like company picnics, office Christmas parties, and get-togethers throughout the year can be a great way to bring your staff together. But if something happens when your employees are enjoying themselves at a venue outside the office, your business could take a major financial hit – even if you have business insurance. Here’s why you might want to consider insurance for your business event.
Ignore this 8-point Host Liquor Liability Checklist at your own risk:
If you use liquor to entertain clients, then read closely. The law states that the consequences of an accident connected with the serving alcoholic beverages may fall on the party that served the alcohol.
So, who does this affect?
Do you serve wine, beer or booze at a:
Wise business owners see the consequences down the road of serving alcohol. Inexperienced business owners must suffer the consequences. How about you? Where do you fit in? By taking a proactive approach to this, you can avoid many headaches later on.
Liability insurance isn’t enough to protect your business. You must limit your business risks. What would you do if someone slipped, fell, and sued your company? Nobody wants to think about this situation, but lawsuits happen.
It comes down to this: a person can’t win a lawsuit unless they can prove to and convince a judge and jury that your business was at fault.
Will you make this common mistaken that 60% of all home business owners are making? Do you run a home business? Are you thinking of starting one? Read closely so you do not fall into the trap that 6 out of 10 home business owners make, which could cost you a lot of money later on.