answersLogoWhite

0

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.

User Avatar

Wiki User

11y ago

Still curious? Ask our experts.

Chat with our AI personalities

CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
BeauBeau
You're doing better than you think!
Chat with Beau

Add your answer:

Earn +20 pts
Q: How important is general liability insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp