According to an article written in American Express’s Open Forum since 2006, the number of lawsuits made against small businesses relating to workplace harassment (linked to issues such as gender, disability, and age) has increased by 25%. As a result, the article argued that small businesses take measures to protect themselves in terms of the use of contracts and improving workplace safety and hiring procedures to minimize risk. But, more importantly, it also argues for businesses to take liability insurance cover.
Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the “insured”) from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy.
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Examples of such policies are Pennsylvania small business insurance policies offered by General Liability Insure. According to the company’s site, the policies allow small businesses to protect themselves by minimizing the financial risks arising from a range of unexpected events including the death of a business partner, injuries to employees, lawsuits, and natural disasters.
General Liability Insure recognizes that the insurance needs of small businesses will vary depending on their size, the number of employees and the nature of the industry they operate in. But, the company argues that every business will need some form of liability cover as events such as lawsuits always results in a huge cost for small firms.
General liability insurance offers a wide range of policies for small businesses in Pennsylvania including worker’s comp policies, contractor insurance policies and garage keeps insurance and group medical coverage for firms with less than 50 employees.
The company suggests small businesses to purchase a Pennsylvania business owners insurance policy (BOP) that bundles property and liability under a single umbrella. But, customers will be able to find the right insurance for them through requesting a quote by telephone or visiting http://generalliabilityinsure.com/small-business-insurance-pennsylvania.html
Company Name: EK Insurance
Contact Person: Ethan Andrew Kosmin
Phone: 484 800-1000 x8
Address:600 Creekside Dr, Suite 615
Country: United States