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.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Home Sweet (and Secure) Home: The Dynamic Duo of Maintenance and Insurance

Beyond Bricks and Mortar: Unveiling the Secret Weapon of Homeownership (It’s Not What You Think!)

5 Hot Cities Millennials Are Flocking To (and Why They’re So Awesome)

Beyond the Usual: Top 5 Trending Cities Millennials Are Obsessed With (and Why You Should Be Too!)

From Ride-Sharing to Reality: 5 Billion-Dollar Ideas Born in the Last Decade

Billion-Dollar Babies: 5 Game-Changing Ideas Born in the Blink of an Eye

Unveiling the Different Players (and Why We’re Your Guide!)

Insurance Companies: Not All Created Equal! Find Your Perfect Match with Our Help

Beyond the Beep Beep: Unveiling the World of Supercars

Supercars: Where Luxury Meets Speed (and Million-Dollar Price Tags!)

Home Sweet Home, Protected Home: Why Upgrades Need Insurance Check-Ups

From She-Sheds to Sunrooms: How Home Improvements Impact Your Insurance Needs

Beyond Nicknames: The (Sometimes Bizarre) Tales of How American Cities Got Their Names

From Coin Flips to Greek Love: Unveiling the Hilarious Histories of City Names (and a Tip for Yours)

Small Biz Squad Unite! Why Independent Insurance Agents Are Your Secret Weapon

Ditch the Corporate Maze: Why Independent Insurance Agents Are Your Small Business Champions

Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!

Beyond the Death Benefit: Unlocking the Hidden Gems of Your Life Insurance Policy

Buckle Up for Safety: Are Cars Getting Smarter Than Crashes?

From Seatbelts to Superpowers: How Tech is Transforming Car Safety (and How You Can Benefit)