Should your business carry more than general liability insurance?

Most business owners know they should carry liability insurance. However, not all understand the difference between carrying mere general liability insurance and more comprehensive coverage. 

In many cases, general liability insurance does not provide enough coverage. For example, it will not protect business owners from the repercussions of defective merchandise production, product recalls, injuries caused by faulty merchandise or property damage occurring as a result of faulty products. 

If you run a business with an international reach, bear in mind that general liability coverage does not extend across the United States border. 

Meanwhile, if you run a business with professional staff, such as lawyers or accountants, it is important to purchase professional liability insurance to protect staff from tort claims alleging negligence or misconduct. 

Depending on the type of business you run, there are many liability coverage options from which to choose. Some will be appropriate for your enterprise, while others will be unnecessary. 

If you live in the Las Vegas area, find out more about your insurance coverage options by contacting All Nevada Insurance today.