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As the owner of a small business, you take care that everything is handled with maximum care and produce the finest service and value. Obviously, you have so many obligations and culpability’s and though you try your hardest, a customer can still sue you for negligence.

The vast majority of companies in America are established as a single proprietorship or with a partner. This kind of ownership leaves the owners with their assets exposed to danger, but with business liability, you can be sure that your own assets and your business will be free from any financial dilemmas.

This kind of insurance offers security for your small company if a case was filed for individual or property injury. Such policies most often cover lawyer costs and damages. Liability coverage can be obtained in different forms and based on the demands of your business.

General liability insurance, or commercial general liability coverage, is a type of business liability policy which has the predominant role of saving your company from bad marketing claims, bodily injury to others and property damage. This insurance alone can be what your company needs, but you should a look at the needs that you have.

Errors and omissions liability insurance, also known as professional liability insurance, is best for companies giving services to their clients. This insures your business against misconduct, mistakes, negligence and lapses. Having this insurance is a lawful necessity in several fields including physicians.

Small companies who sell or produce products need to be defended in case someone is hurt by the product. The need for product liability insurance depend on what your company does. If your business is retailing supplies for a scrap book, then you have a lesser requirement than a manufacturer of wood stoves.

Protecting your company is not really as cheap as you may think it is. Because of the horrible September 11 attack and stock market problems caused the insurance prices to increase with a reduction in coverage. Before you renew your currently plan, you may think about comparison shopping first for business insurance quotes to determine if there are other options.

In order to be successful, your business needs to be covered from possible dangers. Make a decision about what coverages you desire and look around for the best coverage.