Businesses in Washington and Idaho need to have commercial insurance in place to protect their finances. One of the most important business insurance types is commercial liability insurance. This type of coverage protects your finances in the event that someone is injured while on your commercial property, whether it be a customer, vendor, health department representative or anyone else who may visit your business facility. Here's what you need to know about this important coverage. 

The Perils of Not Having Commercial Liability Coverage 

As a business owner, the last thing you want is for someone to get injured while at your establishment. However, emergencies can often happen without warning, so it is important to have coverage in place to protect you. An injured person may have medical bills as a result of their injuries, and your business could be held liable if the accident was preventable.

If the injured person chooses to file a claim against your company, you could be required to pay their medical expenses, as well as a possible settlement to cover additional pain and suffering, ongoing treatment, lost wages and more. Without commercial liability insurance, your company could be forced to pay this settlement out-of-pocket. 

Depending on the size of the settlement, this could be disastrous for your company, possibly even putting you out of business. If you own the business yourself, you could even be forced to use your personal assets to cover any expenses, depending on the legal structure of your business. 

Get the Commercial Liability Coverage You Need 

To protect yourself from any potential lawsuits resulting from injuries on your business property in Washington or Idaho, don't delay in establishing commercial liability insurance coverage. The independent insurance agents here at Kuespert Insurance Agency will be more than happy to help you get the coverage you need to protect your business and personal assets. Because we are independent agents, we can provide policies from a wide range of insurers, making it as easy as possible to find exactly the coverage you need. Reach out to our team today to learn more about your coverage options and tailor a policy that perfectly meets your company's needs. 

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