Updated in August 2024
As a business owner, protecting your livelihood is very important not only for yourself but the people who work with you as well as your family. One way to safeguard your business is through General Liability Insurance. What exactly is general liability insurance, and why is it so important? Let’s break it down.
What is General Liability Insurance?
General Liability Insurance is your first line of defense against claims that happen from bodily injuries and property damage connected to any of your business activities. Whether it’s a customer slipping on a wet floor or accidental damage done by your employees at your client’s property, this insurance is designed to cover those costs.
Ron Rothenberger puts it simply: “General Liability Insurance is about peace of mind. It’s a way to ensure that your business can handle the unexpected without compromising your financial stability.”
What Does General Liability Insurance Cover?
This type of insurance provides coverage for:
- Bodily Injuries: If someone gets injured on your property or from using your products or services, General Liability Insurance can cover medical expenses and any legal fees if a lawsuit has been filed.
- Property Damage: If your business operations happen to cause damage to someone else’s property, general liability insurance will cover the repair or replacement costs.
- Legal Defense: In case of a lawsuit, your general liability insurance can cover the legal expenses.
Just so you know general liability insurance does not cover everything. Ron shared, “It’s not a catch-all policy. It’s important to note that it doesn’t cover injuries that happen to your employees, damage to your own property, or accidents that involve your company vehicles.”
Do You Need General Liability Insurance?
The short answer: absolutely. General liability insurance is very important for any business, regardless of its size or type of business. Why? Because, if there was an incident you could potentially drain your resources and really affect your business.
Ron Rothenberger explains, “Every business faces risks, no matter how careful you are. General liability insurance is not just a recommendation—it’s a necessity. It’s about protecting your investment and ensuring that a single lawsuit or accident doesn’t spell the end for your business.”
Updating Your Coverage going into 2025
Being only four months away from 2025, it’s a great time for a review of your General Liability Insurance policy. What might have been sufficient coverage a few years ago for your business may no longer be adequate.
“At Rothenberger Insurance Services, we stay on top of industry changes so that you don’t have to,” Ron shares. “We recommend all our clients review their policies annually to ensure they’re fully covered against current risks.”
Why Choose Rothenberger Insurance Services?
At Rothenberger Insurance Services, we pride ourselves on being more than just an insurance provider. We’re your partner in safeguarding your business. What makes us different is that we have the ability to tailor your insurance coverage that suits your needs.
Ron says. “Our goal is to make sure our clients feel confident that their business is protected, no matter what comes their way.”
Conclusion
General liability insurance is very important for any business to have. It provides necessary protection against the unexpected, helping you avoid costly legal and medical fees that could otherwise threaten your business’s survival.
As Ron Rothenberger puts it, “Investing in general liability insurance is investing in the security of your business. Don’t leave your future to chance.”
Ready to discuss your insurance needs? Contact Rothenberger Insurance Services today, and let us help you protect what you’ve worked so hard to build.
Rothenberger Insurance Services is located in West Reading, PA, and proudly serves businesses throughout West Lawn, Wyomissing, and Reading, PA. Whether you need general liability insurance or other commercial coverage, we’re here to help you every step of the way.
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