Why Your Business Needs to Invest in Commercial Liability Insurance

Owning a business means you take on a lot of responsibility. After all, accidents can occur at any time and in any place. When an accident occurs in your place of business, you want to ensure that you—and your employees—are fully protected. With commercial liability insurance, you can rest assured that you’re protected, allowing you to worry a little less when it comes to employee injuries, legal expenses, and potential legal recourse.

At Compass Insurance, we offer commercial liability insurance for businesses of all sizes, shapes, and industries. As a Centennial, CO business, you may be curious about what this type of insurance coverage can do for you. Here are a few reasons you should invest in this business insurance coverage.

Cost of Injuries

Regardless of whether it is a slip, trip, or fall, you can get hurt in virtually any kind of work environment. In the event that an injury occurs in your workplace, there is the chance that there will be expensive medical bills involved. With commercial liability insurance, you can rest easy knowing that you’re protected from the financial burden of those bills.

Legal Expenses/Lawsuits

Should an employee feel they have just cause to pursue legal action against your business, commercial liability insurance will cover your legal fees.

Property Damage

Commercial liability insurance will cover any kind of damage to a property as a result of your business. For instance, if your products, services, or employees cause damage to the property, this insurance will cover the costs for repair or replacement.

The Future

If you are a small business, it often doesn’t take much to put your future in jeopardy. All it takes is a single unfortunate incident, such as a broken bone, to put your future at risk. The good news is that commercial liability insurance can protect your business as a whole, including your employees, profits, reputation, and future.

If you would like more information about commercial liability insurance and what type of business insurance is best for your Centennial, CO business, contact our team at Compass Insurance today to speak to one of our insurance agents.