A business must protect itself from all kinds of lawsuits and accusations when conducting daily business operations. A single lawsuit can use up a vast amount of the company’s resources in legal defense, even if the claim is denied. Carrying liability insurance is essential for any business, and ASA Insurance can help ensure you have the coverage you need to protect your business in Salt Lake City and all of Utah.
Aspects of Coverage
Liability insurance can cover medical expenses when someone is injured either on your property or when an employee is working off-site. It pays for damages that result to other people’s properties as a result of work performed by your company.
In addition, your company is protected by any person who speaks on behalf of your business. This includes damages from advertising or other statements. The policy can help cover the cost of hiring an attorney to represent you in a lawsuit. The policy pays out when you are found at fault rather than requiring you to liquidate your assets to pay for the claim. This coverage helps ensure you remain in business when these unfortunate events occur, which would otherwise cause irreparable damage to your business.
In certain situations, general liability coverage may not be enough to protect your business. Instead, you need professional liability insurance, which can cover your business for work performed by your staff. Whether the work results in residual problems or an unhappy customer, you need to protect your business in those situations. This may include professionals in the medical field, construction industry and elsewhere that utilizes specialized knowledge to conduct their jobs.
Liability insurance also protects your business from lawsuits initiated by former employees for discrimination, wrongful termination or other claims. Some policies include coverage for officers and directors, which protects them for decisions they make in running a business.
With so many special needs in various industries, it’s important to have the right coverage for your business. When you work with ASA Insurance, we put our experience to work for you. We can help you assess your requirements and select the types of coverage that provide the protection your specific type of business requires. Contact ASA Insurance today to help you protect your business from liability. Call us at 801-486-7463 for a free quote.