General Liability
What is General Liability Insurance
Regularly, as a company owner and entrepreneur, you interact with a large number of people. Perhaps more so in the trucking industry, where you must negotiate with not only consumers but also retailers, suppliers, workers, and even regulatory authorities. The number of people your employees interact with regularly, whether at a truck stop, weigh station, or restaurant, is even more troubling. The number of people your employees interact with regularly, whether at a truck stop, weigh station, or restaurant where they stop for lunch, is even more troubling.
General liability insurance will shield the company from litigation involving personal harm, including medical expenses and penalties, and property loss arising from your activities. Every type of business owner requires this type of insurance policy since unexpected accidents can happen to everyone at any time. Anything as minor as a customer slipping and falling on your property, or as major as driving through a building and having to pay to repair it, may occur at any time. After all, you and your staff are human, and errors and mishaps are bound to occur.
Who needs general liability insurance?
General liability insurance is sometimes included in a Business Owners Policy (BOP), but it is also available to certain contractors as a stand-alone policy.
A single accident may lead to a lawsuit that you are unable to defend. Making sure you have liability coverage that suits your degree of risk is a smart way to protect yourself from this.