4 Common Questions About General Liability Insurance

Business owners understand that to remain in business for any length of time, they must take steps to protect their company. Often, it takes the form of better locks on buildings, anti-virus software on computers, and employee safety training. Another aspect you should remember for your Mississippi enterprise is general liability insurance. If you are a new business owner, you may have heard of having different types of coverage for specific industries, but you may not understand the basics of this vital piece of coverage.

Learn the Basics Before You Buy a General Liability Policy  

As a business owner, you must make decisions at a moment’s notice. Insurance isn’t one of those times. Doing your research will help you get the best coverage for your situation. Here are four common questions asked about general liability insurance in Mississippi:

1. What is general liability insurance? You might hear this type of coverage called commercial general liability insurance or business liability insurance. This policy aims to protect your company against the risks of unintentional accidents that can happen during the course of business. It covers two main categories: bodily injury and property damage to a third party. When referring to bodily injury, it means the physical bodily harm of another person. Property damage is the harm and loss of use of said property. Each type of business can use specific coverages. For example, a landscaper will need different coverage than a janitorial service. Your reliable broker can assist you with determining what you need.

2. Do I need business insurance? Think of it this way – if you work with clients face-to-face either at your office, their location, or a third-party location, the chances that an accident will happen are high. Not all incidents will be quickly resolved, and you can pay out-of-pocket to resolve the issue. It’s possible that you could be sued and lose your business because of the financial devastation of the lawsuit. Sometimes, you may be turned down for a job with a new client because your Mississippi business does not have the proper general liability insurance coverage.
3. Is it illegal to conduct business without insurance? It depends on where you conduct business. Even if your state does not require general liability insurance, more and more customers want to know that the company they are doing business with has this coverage in place.
4. What does general liability insurance not cover? This coverage helps with bodily injury, property damage, and personal and advertising injury. If a claim arises from an activity that is excluded from your policy, is outside the policy period, or the acts were intentional, it’s possible that a claim would be denied.

Protect Your Business Against Liability with the Right Insurance

Protect your company with the best insurance for your needs. Talk to the team at Hawsey Insurance for the best coverage at reasonable rates. We have served the state of Mississippi for years! We are happy to review your current policies and help you get what you require. Whether you are a new business owner or have owned your company for years, we can help recommend the best protection through appropriate insurance.

Call Hawsey Insurance at 601-856-7707 for a Mississippi general liability insurance quote. Feel free to contact us online or make an appointment to stop by our Madison, Jackson, and Southaven, MS offices.