GENERAL & PRODUCT LIABILITY INSURANCE
General liability coverage protects and defends your business against bodily injury or property damage to others as a result of your product or service.
Who Needs General Liability Insurance?
All business owners need general liability insurance. A single accident could result in a lawsuit that causes significant financial damage to your company.
General liability is built to protect your assets and your business from unexpected accidents. If a customer trips and falls in your place of business, this insurance will protect you from legal action taken to recover their medical costs. If your service or product causes harm to someone else and you get sued, general liability insurance will help cover your legal fees.
In order to make sure that your general liability coverage matches your level of exposure, you’ll need to get in contact with a business insurance specialist at Van Leer & Edwards Insurance Services to discuss what your needs are.
Product Liability Insurance
The below are scenarios where product liability insurance will protect your business by defending and paying damages to the injured party.
A restaurant serves a meal and the person who ate it gets sick.
A manufacturer makes a product that malfunctions and causes an injury.
A vitamin company sells a supplement that causes someone to get ill.
How Does Product Liability Insurance Work?
As a part of Van Leer & Edwards’ risk management services, we will evaluate the level of risk your particular product or service has. We will also review your business’ application with a number of our insurance carriers to get you the best coverage and pricing for your level of exposure.
If you have a claim filed against you, your product liability insurance will assist in defending you and if necessary, paying any damages.
If you would like Van Leer & Edwards to evaluate the level of risk for your business, contact a product liability insurance specialist today to request a quote.
How To Determine How Much Product Liability Insurance Your Small Business Needs
Van Leer & Edwards will review with the business owner the limits of insurance that are appropriate to protect the assets of the business and meet requirements of any vendors they wish to work with.