MoneyGeek recently published a column featuring Greg Stoller, Master Lecturer of Strategy and Innovation, discussing general liability insurance and businesses.
General liability insurance shields businesses from various financial risks stemming from incidents like bodily injury, property damage, libel, slander, and legal defense costs.
“Any business or entrepreneur should always have insurance…it’s not just a matter of property damage or bodily injury but rather protection from anyone alleging misconduct or the repercussions of the actions of disgruntled customers,” Stoller adds.
For business owners uncertain about the necessity of a general liability policy, consulting an insurance agent is advisable.