The Truth About Online Sellers and General Liability
It’s surprising how many businesses do not believe that they need to have general liability insurance in New Mexico. What isn’t surprising, however, is the number of online sellers that tend to think that they don’t need it. With all of the myths and beliefs around liability coverage, it isn’t surprising. If you’re an online seller, however, you may want to consider general liability.
General liability protects you against third party lawsuits. Say that you sell an item and the customer claims that it started a fire. Even if you don’t believe the claim, if he or she takes it to court, then you will need the funds to fight it. Likewise, if they win the case, then you’re going to owe damages that you may not be able to afford. General liability helps you cover these expenses.
When you sell a product, you may be liable for any situation that arises when that product reaches the client. For instance, if a client injures him or herself using your product in a reasonable way, then you could be liable for those damages. Again, general liability is your protection.
As a small business owner that sells products online, you are not exempt from liability or lawsuits. This is why, no matter what you sell, general liability insurance in New Mexico is right for you.