Liability Claims Guam - Liability Insurance for Small Business

Guam Fastest Claims | Liability Claims Guam | Alpha Insurers

 

Whether your company is large or small, it’s essential to protect yourself, your employees, other people, and your property. So, it is best to buy liability insurance as soon as you’re ready to start up your business or run a business. Liability Claims Guam - if you don’t have it yet, you’ll quickly learn about 3 different types of liability insurance for small businesses and how they can protect you. This insurance is a must-have if you own or operate a business that involves manufacturing.

 

Product liability insurance will protect you if a product you have created has caused injury, damages, or even death. If any of those things happen because of your product you can bet that you will be sued in a heartbeat, so protect yourself with product liability insurance. Professional liability insurance is for businesses that provide a service. This type of insurance will help protect you if a mistake is made in any services your company provides. An example of this would be that hospitals carry medical malpractice insurance to protect their doctors.

 

Choose the Best Insurance Policy | Liability Claims Guam

This is the most common type of liability insurance that businesses choose to carry because it will cover the costs that your policy states if you are sued. Any legal or medical fees will be covered by this insurance type and other provisions may be added to create a specialized policy for your business. If you don’t currently hold a liability insurance policy for your small business, you are taking a huge risk. If you were to get sued or become injured yourself, you could end up losing everything that you’ve worked so hard for.

 

Just because your business is small doesn’t mean that you can’t be sued for more than you can afford, especially if you are required to pay a settlement. You can expect your property to be taken and your wages garnished if you don’t have the money to pay for it all upfront.

 

Alpha Insurers is a well-known brand name in the insurance industry in Guam. Before you choose any type of product liability insurance for your small business check and compare properly. Guam Fastest Claims - please Visit Us at one of our convenient locations in Hagatna or Upper Tumon, Contact Us, or Instant Chat with us today for all your claims inquiries!