If you manufacture goods, general liability (GL) insurance can protect your company in the event of bodily injury caused by your products, factory operations, or services to others. However, like other manufacturers, you’ll face a unique set of risks that GL policies don’t usually cover. Exposures like a product recall, logistical bottlenecks, and operational interruptions
One of the most vital business insurances is general liability insurance coverage. Though this coverage isn’t a requirement by law, it’s an important investment as it protects your commercial assets and pays for damage your business causes to others. Here’s a closer look at why you should consider purchasing general liability insurance for your business.
About 17.3% of small businesses in the U.S. have at least one employee. The workers’ compensation system requires businesses with employees to carry workers’ compensation insurance. Therefore, about 1 in every 5 businesses in the U.S. has a legal mandate to carry workers’ comp insurance. This coverage is crucial because it protects employers from lawsuits