Liability Insurance Archives - Udell Family Insurance

Why Business Liability Insurance Is Important for a Company

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Why Business Liability Insurance Is Important for a Company

What Is Business Liability Insurance?
Business liability insurance is a policy that covers financial liabilities incurred such as legal defense fees and protects the financial interests of the company and its owners when they face formal lawsuits or any third party claims.
As much as the business liability insurance helps cover certain unexpected expenses, the cost of coverage is still influenced by the type of business being insured and its location. For example, if a company is located in a flood-prone region, it would probably pay more.
There are three main types of business liability insurance, and […]

Does My LLC or Company Need General Liability Insurance?

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liability insurance for llc

As an entrepreneur, you likely decided to start your business as a Limited Liability Corporation. Operating your business as an LLC can help protect your personal assets and provide other unique benefits that your company would likely not qualify for if it was classified as a corporation. However, you need to avoid the mistake of neglecting insurance. Here is a look at several reasons why LLC insurance is an asset.

Exploring LLC Insurance Coverage

Professional liability insurance covers you if you make a mistake or if you are dealing with untrue allegations. The policy covers you […]

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