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What Is Liability InsuranceLiability insurance is imperative for any business owner. If you own a car you have auto insurance; if you own a home you have homeowners insurance and any business owner needs liability insurance. This insurance is beneficial in so many ways. It covers business personal property. If you were to have a fire what would replace all of your equipment, computers, data, files etc? Business Owners Policies include this coverage. Many people who work from their home think that their homeowners policy will cover all of this...read the fine print! Very few carriers will cover in-home business property and/or liability. The liability aspect is the most important. You are making daily decisions that affect other people, a mistake could result in a costly lawsuit. Can you afford a lawyer to defend your business? Have you ever made a mistake on a job, contract or recommendation? Your business is liable for all of those, even honest mistakes. IF you are a sole proprietor all of your personal assets are at risk, home, autos, vacation properties etc. Contact your Insurance agent for a comprehensive review. Make sure that you are insured to all of your assets. If you are going to endure a loss make the insurance company pay for it. (If you work out your home there are some excellent alternatives that start around $250 annually.
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Q: Why do you need liability insurance?
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Related questions

Do you need a car to get liability insurance?

Automobile Liability insurance, YES. Liability insurance, NO. There are many kinds of liability insurance.


What can you do if you have liability who was hit by someone with liability insurance?

If you have liability for an accident, you will need to contact your insurance company. If you do not have liability insurance, you may need to pay for the accident out of pocket.


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There are many types of insurance you will need to own and operate your barbershop. The most important insurance will be liability insurance. Liability insurance will protect you in the event someone is injured on your property.


What kind of liability insurance does a nurse staffing agency need?

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You need commercial General Liability Insurance


Can you buy liability insurance without a drivers license in Texas?

It depends on what type of liability insurance you need. Contact an agent in your area.


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Where can you find out more information about insurance liability?

Hiscox is a good start to find out about insurance liability. Hiscox can provide small business owners and brokers with the information they need to meet their insurance liability needs.