Have you heard that business insurance within the UK is more or less an option? While this is true in some cases, it can leave your business wide open for liabilities that you haven’t thought about.
Slip and fall accidents alone are on the rise, with many people getting injured on business property. When it comes to defending against such a case, you may be surprised to find how expensive a solicitor will be. Also, it’s best to settle these cases out of court. Brought before a jury, you look insensitive and unwilling to put people above your company. This can leave you open to heavy fines and damages awarded to the plaintiff. Your legal costs can eat into your profits, slowing you down from expanding your business, taking out loans, or just being able to enjoy life. Do you really want to give up your dream home because of legal threats?
Some people will read this and believe that they will never have to worry about a legal threat. They’re covered; at least they believe that they’re covered. So they feel like there’s no need to worry about any type of legal storm around the corner. But you might be surprised at what people are willing to sue you for, and how often they’re willing to sue. The business in the mind of the average person isn’t a small time operation. Most people feel confident about suing a business because they feel the company has the money; they just don’t want to pay it. They’re not seeing the face of a woman that just wants to have extra money for her children, or a man that looks forward to taking his family on an incredible vacation twice a year. They see a chance to make money and further their own goals.
Getting business insurance from Charles Goodman & Co Insurance is key because the insurance’s lawyers will show up and fight for you. That’s why you’re paying the premiums in the first place. They will fight for you and protect your business property at the same time.
That’s right; you get protection for your property as well. Did you know that your business property isn’t covered by your home insurance policy? Even if you store things at your house, business property isn’t covered. So a fire or a flood could leave you without any way to make a living. You want to get business insurance because it protects you in the event of a natural disaster, fire, flood, or even theft. You will get money to keep you covered while you rebuild your business. [Read more…]