What Does Liability Insurance Entail?
A liability insurance policy will help your company if your employees, product or service are considered to have caused damage or financial loss to your customers. With liability protection, you receive help with investigation and negotiation, as well as speaking on your behalf in the event of a claim for damages against you. If you are held liable, liability insurance covers the costs. The insurance covers damage to other people’s property and personal injury.
Every Company Needs Liability Insurance
Liability insurance should be taken out regardless of whether you work as consultants and deliver a service, or actually produce something. For some industries, liability protection is often a requirement for clients to work with you.