Bishop White Insurance & Financial Services, Inc.
PO Box 71339
2135 NW 108th St
Clive, IA 50325

Alternate: 319-610-9223

The Benefits of Commercial Liability Insurance 

On a day just like any other, disaster can strike when you least expect it. A customer in your mom-and-pop bakery can slip on an unnoticed wet spot, falling down and breaking an ankle. This customer can then sue you to cover associated medical bills and lost wages during recovery, plus pain and suffering. Or perhaps your secondhand store uses an old, rickety ladder that collapses on top of a nearby customer, with a similar outcome. If a comparable incident occurs at your place of work, the consequences could be dire. 
two business people looking at a laptop
You may only hear about lawsuits against large corporations on the news, but the sad truth is that many businesses are sued for a variety of reasons in today’s litigious society. And even if the lawsuit is ungrounded, you still have to pay legal fees for your defense. These costs, plus any resulting reputation damage and loss of business, could rack up a large bill. Tens or hundreds of thousands of dollars later, you may even be forced to shut the doors permanently. 

You never know when a third party may suffer injury or property damage while in your place of business, or as a direct result of your employees’ actions. For this reason, it’s best to prepare for the worst-case scenario before it has the chance to happen.  

Commercial liability insurance should be included in every single business’ insurance package. Though it cannot prevent a lawsuit from arising, liability insurance can help provide the funds to cover associated expenses. These benefits can save your business’ bank account from being drained while you’re tied up in court. Plus, some policies also help with PR costs following an incident. 

Since every industry has its own unique risks, we can’t speak about what specifically relates to you here in this article. But we can promise you personalized attention if you call one of our agents, who will assess your business and offer coverage recommendations based on the needs you face every day. What are you waiting for? Pick up the phone and get the right coverage for your business! 

We’ve got your back.  

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