Protect the financial interests of your business by investing in business lawsuit insurance. This type of insurance can safeguard your company against a wide range of third party liability issues, from property damage to bodily injury to financial loss associated with services provided or work done. Plus, shopping for business lawsuit insurance has never been easier thanks to ALIGNED. As one of the leading insurance brokerages ALIGNED can find an insurance policy that suits your needs in no time. Sit back, relax, and let the ALIGNED team do the work for you.
What is business lawsuit insurance?
Business liability insurance, another name for business lawsuit insurance, is an umbrella term that refers to a type of insurance that protects against a wide range of third party liability issues. Specifically, business lawsuit insurance is designed to protect your business against financial losses resulting from lawsuits. When a lawsuit or claim is filed against your business, it can do irreparable financial harm to your balance sheet, not to mention damage your reputation and jeopardize your relationships with existing customers. For this reason, it is recommended that all businesses purchase business liability insurance. This way, if something goes wrong involving a client or other third party, such as a customer tripping and spraining their ankle in your retail store or having an adverse skin reaction to the face cream you sold them or they suffered financial loss after following your professional advice, you’ll be protected.
What does business lawsuit insurance cover?
Not all business lawsuit insurance policies protect against the same risks. Ultimately, it is up to the policyholder to decide which coverage types and limits to buy. However, it is generally recommended that business owners purchase the following types of coverage for their business lawsuit insurance policy:
- Commercial general liability insurance
- Product liability insurance
- Professional liability insurance
- Errors and omissions insurance
- Cyber liability insurance
- Directors and officers insurance
How much does business lawsuit insurance cost?
Business lawsuit insurance varies in price because insurance providers consider several factors when calculating premiums. Factors that can impact the cost of your business lawsuit insurance policy include the size and location of your business, your insurance claims history, your annual revenue, the number of employees employed by your business, and the number of years in business, the type of work, services or products done/sold. Ultimately, the best way to find out how much business lawsuit insurance costs is to contact ALIGNED for a free quote.
ALIGN yourself with comprehensive business lawsuit insurance.
You can call us at +1-866-287-0448. Click Here To Get A Quote or contact one of our Business Lawsuit Insurance experts for information or with any questions you may have.
