subject: Ensuring that General Liability Coverage is Adequate [print this page] Arizona general liability insurance has to be specific to the business that carries it. There are generic policies out there that claim to be adequate to protect a business against liability claims. Unfortunately, not all of these policies deliver in this regard. To make sure that your business is adequately covered, the best option is to talk to a commercial insurance agent. When you do, you're likely to find that you're lacking coverage in some areas that provide significant threats to your business and your financial future. These agents can fix these situations.
If you need Arizona general liability insurance but you're already stuck with a policy, you can still get help. Good agents will add riders to your coverage and make sure you're insured against specific areas that are concerns in your business sector. For instance, there is insurance specific to businesses that provide equestrian recreation. If you only have liability insurance and someone falls off a horse at your ranch, you may find yourself facing down the financial consequences of that incident without enough coverage and, sometimes, without any at all.
Arizona general liability insurance for retail businesses is particularly important. Slip and fall injuries are particularly lucrative cases for personal injury attorneys. To make sure that you're not put in a situation where you're facing down a lawsuit without help, a commercial agent can add specific types of coverage that affect your business. This is particularly important for restaurants, where wet floors create very real trip hazards. In part, carrying insurance is simply being responsible. Some people are genuinely injured as a result of these incidents and may be in a situation where their claim is quite valid. Insurance keeps you from having to foot the bill for their damages on your own.
Talking to an insurance agent about Arizona general liability insurance may reveal some significant holes in your coverage. When you're talking to them, make sure you give them all the relevant information about your business. Some businesses focus on one area of service, but may have other areas where they face liability. For instance, if you operated the riding ranch mentioned above, you might also have areas where people can drive ATVs or engage in other adventurous activities. Your insurance coverage has to provide you with protection in case you're liable for damages resulting from these activities.
Ensuring that General Liability Coverage is Adequate
By: Matt Douglas Smith
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