If your work involves multi-ton machinery that’s able to slice through any size wood or you’re repeatedly dealing with scalding liquids and toxic materials at very high levels of pressure, then it’s probably quite obvious why liability insurance is a critical safeguard for you to have in place. However, even if your business operations don’t carry this high level of risk, many of your typical daily transactions likely have the potential to cause damages, injuries, or illness.
Are people coming in and out of your workplace for deliveries, appointments, or meetings? Do you share your expert knowledge and advice with others? Are potential customers clicking on your digital ads or receiving promotional emails? These and many other normal day-to-day work activities expose business owners to a variety of liabilities and the possibility of a legal claim, including:
The cost of defending yourself, and anyone you employ, against these types of claims, along with paying out any judgments against you, can end up tallying in the thousands, if not millions, of dollars. However, if you have the right business liability insurance solutions in place, then you can have peace of mind that your legal defense costs and any settlements or awards to claimants, such as compensatory or punitive damages, will be covered should you ever be caught up in a lawsuit.
Annual premiums for many liability insurance options are available for as little as $800 per year, so this safeguard is an extremely wise investment for you and the future of your business. When you partner with the insurance professionals at Anderson, Bagley and Mayo (ABM), we’ll help you make the right business liability coverage choices for your line of business, your business location, and your level of risk.
The insurance, plastics and furniture industries may not seem to have much more in common other than their longevity in North Central Massachusetts. But, in fact, they share another common trait – endless options. Just as there are a number of ways to mold plastic products and many different materials that could be used in manufacturing furniture, there are multiple liability insurance solutions that can help protect businesses like yours.
In order to build the most comprehensive business liability protection plan for your specific company and industry risks, you may want to consider one or more of the important coverages listed below:
With each of these types of liability coverages, there will be a limit on what your insurer will pay out for claims, which is based on how your policy is written. This is why it is critical to work with a local and experienced insurance professional, like ABM, who can help ensure that you have enough protection for even the worst possible scenario so that you are not left covering claims yourself. Please call us today at (978) 534-2800 or come visit us at any of our three convenient locations.
The specific insurance solutions that are required to protect you, your employees, and the company you have built will be unique from what any other business needs. At ABM, we specialize in finding the optimal mix of business liability insurance solutions that will match with your company’s precise level of risk, not just today, but also in the future.
Whether you run a large manufacturing company, own a few apartment rental properties, or have a home-based contracting business, our team will help you assess what kind of accidents, natural disasters, lawsuits, and other risks are most likely to impact your business. In addition, we will help you re-assess your liability needs every year and as your company grows – which inevitably means more risk. With ABM as your partner, you can be confident that you have the best protection for all aspects of your business.