When choosing insurance, many new businesses may have been recommended general liability ascendant insurance. If you're unfamiliar with this type of insurance, then you may not understand how to find your business's coverage needs or even how it works.
What Does General Liability Insurance Cover?
At some point, businesses require basic asset, employee or customer protections to avoid legal settlement or punitive damages. Here are a few of the following areas which general liability ascendant insurance may protect your business.
-Medical costs (for injuries caused on the property)-Legal defense (covers costs of settlements or awards)-Renter damages (covers the cost of damage or accidents caused by the person renting a home)-Misinformation claims (copyright infringement, slander or false advertisements)
Most businesses may benefit from the type of base coverages offered in the general liability insurance policy. If you need additional coverage that is not listed, you may need to speak with your insurance agent to find the right type of insurance for your business.
How Much Coverage Does Your Business Need?
When you set up a policy with an insurance agent, they can help you determine how much coverage you may need and which types of insurance would benefit you best. The amount of coverage in monetary value and risks covered will largely depend on the type of business you have or how big overall the company is.