Can Business Insurance Keep Your Company From Being Sued?

Can Business Insurance Keep Your Company From Being Sued?

There are a LOT of good reasons to carry business insurance. It can help cover you from financial losses due to theft, storm damage, and vandalism. It can protect equipment and inventory from losses due to a fire. But can it keep your business from being sued if someone becomes injured on your property or because of the actions of one of your employees?

The answer is no.

The reality is that your business can be sued by anybody at anytime for almost any reason. Business liability insurance can’t prevent that from happening. What it CAN do, however, is pretty powerful.

Business liability insurance can cover you from the negative financial impact such lawsuits may have on your business.

First and foremost, your business liability protection can help pay any legal costs you may incur from a lawsuit, whether the suit is justified or not. This is important, because as mentioned, a business can be sued for just about any reason. In this litigious society, some people view a business as having deep pockets. It is comforting knowing that in such instances, liability insurance will back you up on those legal costs.

In many cases where, for example, an injury took place on the property of a business, the insurance company and lawyers may decide it is prudent to “settle” the case out of court. When all parties agree to such a settlement, the cash amount of the settlement could also be covered under liability insurance.

Finally, should a case go to court and a judgement be issued against your business, your legal fees and judgement would be covered up to the limits on your policy.

No, business insurance can’t keep you from being sued, nor can it stop vandalism, theft or a fire. What business insurance does is cover you from potentially devastating financial losses from covered calamities. The peace of mind alone makes it well worthwhile looking into.

If you currently don’t have business insurance or are unsure of your coverage, we invite you to contact us for a free, no obligation review and price quote. Business insurance can be surprisingly affordable, but you won’t know until you call one of our independent business insurance representatives today.

We work for our clients not the insurance compay

Leave a Comment





Trends in Rental Housing

January 17, 2022

A Kennel of Famous Dogs in Art and Entertainment

January 14, 2022

What Makes Your Business Unique?

January 13, 2022

The Missing Piece of the Puzzle (Life Insurance)

January 12, 2022

The New Race for Horsepower

January 11, 2022

6 Simple Things You Should Know How To Do Before Buying a House

January 10, 2022

Which States Have the Most…?

January 7, 2022

Preparing Your Business For Nasty Weather

January 6, 2022

Can We Sell You Some Term Life Insurance?

January 5, 2022

Going, Going, Gone. Items Not or Rarely Found on Cars Anymore

January 4, 2022

The Risks of Renting

January 3, 2022

Some of the World’s Most Annoying Sounds

December 31, 2021

Business Insurance and Vehicles

December 30, 2021

Five Types of Life Insurance Buyers: Which Describes You?

December 29, 2021

Is The Minimum Enough?

December 28, 2021

Common Claims Your Homeowners’ Insurance May Not Cover

December 27, 2021

Some of the World’s Most Soothing Sounds

December 24, 2021

Our Independent Insurance Consultants: Your Business Insurance Liaisons

December 23, 2021

The Things Grandma Knew

December 22, 2021

High Dollar Aftermarket Car Upgrades

December 21, 2021

Home Design Elements Influenced by Geography

December 20, 2021

The Toys That Keep On Giving

December 17, 2021

Managing Business Insurance Risks to Save Money

December 16, 2021

Healthier Living: Easy to Prepare Boneless, Skinless Chicken Breast

December 15, 2021

Nurturing Newly Licensed Drivers into Safe Drivers

December 14, 2021

Can Your Dog Scare Someone into a Homeowners’ Insurance Claim?

December 13, 2021

Aggies and Sooners and Hoosiers…Oh, My!

December 10, 2021

Wouldn’t It Be Great If…

December 9, 2021

Life Insurance on a Baby or Toddler? Really?

December 8, 2021

A Car Glossary – How Automobiles are Generally Categorized

December 7, 2021

Uncovering the Mysteries of Your Homeowners’ Insurance Policy

December 6, 2021

Seven Things You May Not Have Known About the Original Woodstock Concert

December 3, 2021

Can Business Insurance Keep Your Company From Being Sued?

December 2, 2021

The Power of Looking Forward

December 1, 2021

The Fastest Car You May Never Have Heard Of

November 30, 2021

Roofing Material Choices 101

November 29, 2021

Duct Tape: The All-Purpose, Don’t Leave Home Without it Product.

November 26, 2021

Fuel Your Business with a Blog

November 25, 2021

Reachable, Achievable Goals

November 24, 2021

The Little Known Story of the First Japanese Super Car

November 23, 2021

You May Never View Your House the Same Again

November 22, 2021

Discovering the Appalachian Trail

November 19, 2021

Down on the Corner: America’s Business Barometer

November 18, 2021

The Three Ironies of Life Insurance

November 17, 2021

Factors Contributing to the Increase in Car Insurance Rates

November 16, 2021

The Value of a Property Manager

November 15, 2021

Five Fads From the Nineties Worth Forgetting

November 12, 2021

The Importance of Liability Coverage in Business Insurance

November 11, 2021

6 Things You Can Do (or Stop Doing) Today to Extend Your Life

November 10, 2021

7 Things to Do to Your Car Before Selling It

November 9, 2021

What Every Owner Should Know About Condo Insurance

November 8, 2021

What We Used to Call Entertainment

November 5, 2021

Staying Motivated…As The Boss

November 4, 2021

Choices

November 3, 2021

Random Car Facts to Amaze and Amuse Your Friends

November 2, 2021

7 Things About Moving

November 1, 2021

Television’s Funny Fascination with Outer Space

October 29, 2021

The Ever Popular, Valuable, Never Obsolete and Always Handy to Have Business Card

October 28, 2021

The Letter

October 27, 2021

How to Save on a Car Loan

October 26, 2021

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 720-388-1906

8000 S Lincoln St 205 Littleton, Colorado 80122

720-388-1906

© Copyright 2022 Stanton Insurance  |   All Rights Reserved
Site by ICA Agency Alliance

8000 S Lincoln St 205 Littleton, Colorado 80122
720-388-1906

© Copyright 2022 Stanton Insurance  |   All Rights Reserved
Site by ICA Agency Alliance