When you own or operate a business in South Carolina, you need commercial insurance to cover you in the event of risks. There are a lot of different types of South Carolina commercial insurance available. If you are only getting some minimum coverages, the most common kind of commercial insurance to get is liability insurance.
At Higgins & Halloran, we help Columbia, SC business owners and operators to design the commercial insurance policy that they need. We want you to know what liabilities you could face as a business owner, and we want you to be covered through them.
A bodily injury claim will occur when a third party sustains an injury on your property. This could be a slip and fall, an accident, or any problem that results in a medical cost or claim to a customer or third party. Bodily injury coverage will cover medical expenses and sometimes lost wages to those that sustain an accident on your commercial property.
Property Damage Liability
Property damage liability is a liability that occurs when something you or someone at your business does, damages another person’s property. You might for example have an accident that damages someone else’s car while you are working, or damage occurs to another business unit in your building because of something that you did. This coverage on your commercial insurance policy could save you thousands in expenses after an accident.
Product Liability Coverage
If you provide a product or service to somebody and your product creates an accident or damage to their lives or business, you would be held liable. If you have product liability insurance, you would be covered for those expenses and losses.
These damages could be considerable. If you provide a product, and it breaks on someone while they are driving, while they are holding a hot beverage, as they are walking upstairs, the costs will be high.
If there is any chance that you could have this problem, get liability coverage.
Get a Quote
When you run a business in South Carolina, there are an infinite number of liabilities that could occur. At Higgins & Halloran, we want Columbia, SC business owners to be covered for every liability. Call us today for a quote, and we’ll help you review your policy today.