Bodily injury and property damage related to your small business premises, operations, products, completed operations as well as advertising and personal injury liability can occur when you least expect it. In fact, small business general liability insurance is specifically designed to provide protection against liability claims for bodily injury and property damage related to your premises, operations, products, completed operations as well as advertising and personal injury liability.
Here are just a few examples of small business general liability insurance claims situations:
Common law establishes that all business owners including small business owners owe a duty of care to the public. This is the case in all Canadian provinces except Quebec. Unfortunately, accidents can and do happen to small business and injured parties or people may in turn allege that:
Should one or more of the above situations apply, people, parties and/or their lawyers may allege that a small business was negligent and is thus responsible for compensating them for their damages.
This includes bodily harm, sickness, or disease, including resulting death that results from the operations of your small business.
Work of the insured small business that has been completed as called for in a contract, or work completed at a single job site under a contract involving multiple job sites, or work that has been put to its intended use.
This includes damage caused to the property of others.
The liability for bodily injury or property damage incurred by a small business merchant or manufacturer as a consequence of some defect in the product sold or manufactured.
A small business tenant accepts responsibility for damage they may cause to the building which they rent or lease from a landlord.
Taking an annual inventory of your small business property insurance requirements can help to ensure your coverage is aligned with your current needs. Property that you may want to consider includes:
Personal injury lawyers often work on what’s known as a contingent basis. This means that the injured party pays nothing upfront to the lawyer. Should the injured party receive an award or settlement from the small business that is alleged to be at fault, the personal injury lawyer then receives payment.
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