Hello friends,

Business liability insurance protects a business in the event that a client or customer files a lawsuit against it. This kind of insurance typically covers monetary damages and legal fees.
The purpose of business liability insurance is to protect an individual in the event he or she is sued by a client or customer. Most small businesses operate as either a sole proprietorship or a partnership. This business structure does not provide protection for an individual's assets. In the event a client brings a suit against the business, the owner's personal assets are at stake. Corporations and some limited liability corporations (LLC) provide protection for the owners, officers and directors. This protection is not guaranteed, however. Officers and directors of corporations can be sued if there is perceived negligence, if they sign a personal guarantee for a loan or if they do anything illegal. Each company and situation is unique. Small business owners must carefully weigh the choice of purchasing business liability insurance against various risk factors.

Thanks and Regards
Stephen Moore


Auto Insurance – South Florida