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It is extremely important to purchase general liabilty insurance because if not, your business will have to pay to defend itself from lawsuits out of pocket. Unfortunately even unmerited or frivilous lawsuits can be costly to defend against.

Liability insurance is priced based on risk so if you dont have a lot of risk of the policy being used, you wont pay much either.

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11y ago

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Q: How important is general liability insurance?
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