During the normal business operations, there arise certain situations where General Liability Insurance helps in covering such unforeseen cases.
In the circumstances where a business owner does not have a General Liability Insurance they have to bear the cost out of their pocket. A General Liability Insurance policy helps in covering claims against your businesses. These losses could include third party bodily injury, third party property damage, reputational harm, and advertising injury among many others.
“ These losses could include third party bodily injury, third party property damage, reputational harm, and advertising injury among many others. ”
Liability claims are common among businesses and it is a considered to be one of the common business practice. In fact, 4 out of 10 small businesses will likely experience a
liability claim in the next 10 years. In circumstances where a lawsuit is involved, then the cost rises exponentially and can dig a deep hole in the pockets
"4 out of 10 small businesses will likely experience a liability claim in the next 10 years"
Without a General Liability Insurance Coverage, your business would have to pay for these costs out of pocket and it can take you out of business. A lot of business houses may have a pre requisite that before entering into a business deal they may require other business house to have such a coverage.
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Even though every business is unique, each one can benefit from having general liability coverage. We can work with you to customize your policy so you get the coverage amounts that are right for your business. To understand more and get a coverage as per the interests of your business, book a consultation appointment with us by reaching out at info@ckpinsurance.in or +91 9920099273.
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