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Business Insurance Tip:
Liability Insurance
Liability insurance covers claims for injury or damage to property to other people not associated with your business. It protects you in the event one of those people decides to sue you - no matter the merit of the lawsuit. It enables you to simply hand the whole ordeal over to the insurance company. However, no policy covers every event and every policy varies. You must take a look at your operation and discuss possible exposures from which you need protection, like do you operate off-site? Do you serve alcoholic beverages at functions? or Do you sell products that could cause harm?
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