The purpose for commercial liability insurance is to mitigate the financial risks associated with a wide variety of liability situations.
A common cause for a small or medium business to struggle to stay in business is facing a liability situation they didn’t expect and not having the commercial liability insurance in place to overcome the financial setback. Every company structure and size, from a sole proprietor to a major corporation, needs to protect itself from the inherent risks that come with being in business. If you aren’t sure where to start, the good news is that our team here at Legacy Insurance Partners can be your trusted advisor throughout the process.
The world is a far more litigious place than it used to be. People begin lawsuits for any number of reasons, including ones that may seem frivolous in nature. While they may not win, it doesn’t mean it isn’t going to adversely affect your business. The costs to defend against a lawsuit can be staggering, so even if you feel there is nothing you could do to cause a lawsuit, you should have commercial liability insurance in place anyway. Nobody plans to be sued, but you can plan ahead to overcome the financial drain if it does happen.
The purpose for commercial liability insurance is to mitigate the financial risks associated with a wide variety of liability situations, including personal injury. Our goal is to learn as much about your business as possible so we can recommend the right policy based on your company’s risk factors and risk tolerance. We’ll continue to be here for you going forward, as well, to help with reviewing coverage to know when a change is recommended and to address any questions that come up throughout the policy period.
Reach out to us today at our North Wilkesboro, North Carolina office or any of our Legacy Insurance Partners locations to learn more about commercial liability insurance.
With commercial liability insurance representatives serving the communities of Asheville, Davidson, Greensboro, Hickory, North Wilkesboro, Albemarle, and Raleigh, North Carolina, our team at Legacy Insurance Partners is available to partner as your trusted business insurance advisor utilizing a consultative approach.