General Liability Insurance Coverage
As a business owner, every act you participate in can result in either a profit, or a risk. Protecting your business from the impact of potential lawsuits should be a top priority. Liability losses can (and have) caused many businesses to fail. And while only a carefully crafted liability insurance policy can shield your business from this expense and stress, it’s usually the last thing business owners handle.
Liability insurance covers the costs of legal fees, including court costs and the resulting award/judgement if any is made. The insurance company has a duty to defend you including against frivolous lawsuits. Imagine the peace of mind you’d have being free from worry about the attorney costs as a liability case grinds on, potentially for years; and if you’ve got something to take, the plaintiff’s attorneys will often make sure it does.
Massachusetts liability insurance is appropriate for any business that could face potential lawsuits. There are four distinct types that you may need, depending on your business, and your tolerance for risk of financial loss.