Insurance 101: All the Musts in Properly Protecting Your Business

Event description

The best way to protect a business owner’s personal assets from claims made against the business is to have general liability insurance coverage for the business. 

This is particularly true in those business structures where the owner has unlimited personal liability, such as a sole proprietorship or general partnership. However, even in those business structures that provide the owner with limited personal liability, such as a corporation or limited liability company (LLC), it is still a good idea to have general liability insurance coverage. Then, in the event that a claim is made against the business, the insurance carrier will provide a lawyer to defend against the claim. 

Without liability insurance a lawsuit becomes a major distraction, annoyance and expense to defend.