Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
General liability insurance provides protection from lots of common business risks, from customer property damage and non-employee injuries, to libel, slander, and copyright infringement. Without it, you might find yourself with a large financial burden when something unexpected happens. So, it’s very important to have this type of coverage. It’s also crucial to be able to prove you have coverage. That leads to questions like, “What is proof of liability insurance?” and, “How do I get proof of general liability insurance?”
First-time insurance buyers will sometimes ask, “What’s a COI?” A Certificate of Insurance (sometimes called a Certificate of Liability Insurance) is a physical or electronic document that proves you have insurance. The COI includes important details about your policy that you, a client, a landlord or someone else might require.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.
