liability insurance

Key Liability Insurance Coverages For Small Businesses

Searching for insurance coverage can be a challenge for small businesses. To help simplify your search, here is a breakdown of key liability coverage options that you should be prepared to include in your policy.

General Liability

General liability protects your business against lawsuits where a third party claims that they sustained an injury or property damage because of your business activities. Examples of such claims include a visitor injuring themselves in your office or damaging their car because of pavement issues in your parking lot.

Professional Liability

Professional liability protects you against lawsuits where a third party claims that they sustained losses because of an error or omission on your part. Examples of this include a client claiming that your performance failed to live up to your contract and resulted in them incurring major financial losses.

Employment Practices Liability

As seen on, employment practices liability, or EPLI insurance, offers protection against claims regarding your hiring practices or work environment. It’s a necessary coverage if you already have employees or plan on hiring as you will become susceptible to lawsuits related to unlawful offenses such as sexual harassment and discrimination.

Other forms of liability insurance may also be required depending on your industry and local regulations. Work with an experienced agent to build a policy that meets your needs.