As a pequeña empresa
owner, finding the right insurance that meets your needs can be a challenge. For most businesses, including startups, general liability insurance should be considered a requirement. It can be hard to know what insurance you need, or when liability insurance is needed
, when embarking on a new business venture. Startup businesses have different needs than established companies and require an insurance plan that grows with the business.
General liability insurance
may not make you “lawsuit proof” – but it can provide your business with adequate financial protection should it be hit with a significant legal claim or settlement. No matter how diligent you are in following best practices and taking care of your customers, your business remains vulnerable to accidents, injuries, and claims of negligence, as well as baseless charges of harm.
Liability insurance for startups is typically structured to cover both actual financial settlements and the legal costs of defending lawsuits. If your business is registered as an LLC or a corporation, your personal assets are shielded from any liabilities that may arise from lawsuits connected with your business. But your company’s assets aren’t. That’s why general liability insurance for LLCs
is considered such a critical component of business insurance.
These are the major types of events that are typically covered by a general liability policy:
Accidents and injuries to both people and property that occur on a business’ property or arise from its operations, including bodily injury
Medical payments made for minor injuries sustained by visitors on a company’s property
Liability for damage to others’ property in the course of doing business
Accusations of slander or libel as a result of a company’s advertising
Other events, including fire damage to lessees in the case of rental property