One of Oklahoma's Top Insurance Brokers

Logo Logo Logo Logo

PaperworkEvery business owner knows that there are insurance policies designed to protect a business’ physical property from theft or severe weather damage. But what about injuries or damages suffered by third parties as a direct result of a business’ actions? Commercial liability insurance is designed to cover similar events, plus more. This coverage is primarily designed to cover lawsuits and settlements—including medical expenses and legal defense—that a business might face if a product injures a customer or if a customer’s property is damaged while on business premises.

Modern society is growing more and more litigious, meaning that there are a growing number of lawsuits against businesses. You may only hear about lawsuits against big corporations on the news, but there are many more lawsuits that occur each year. While another insurance premium doesn’t sound attractive, owning a commercial liability insurance policy could be the difference between recovering from a loss and closing the doors forever.

Bear in mind, owning liability coverage does not prevent a lawsuit. In fact, anyone can file charges against your business, whether frivolous or grounded. Rather, this type of policy helps cover the costs associated with a lawsuit, which can quickly add up to cost hundreds of thousands of dollars.

When purchasing liability insurance, consider the risk factor of your business. For example, a home renovation company will have more liability risks than a web design office. Determining your business’ risk will help you select the coverage limits of your policy. As your independent agent, we can assess your needs and help you find the right policy to suit the needs of your business.

Get your evaluation today. Call ECI Insurance Agency at (405) 373-2977 for more information on Oklahoma City business insurance.

Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Featured Carriers
Please note that we cannot bind insurance via email, fax, or phone. Any quotes given are subject to underwriting guidelines by the respective insurance carriers. Any reference of coverage used are not intended to express legal opinion as to the nature of coverage, but rather just a brief generalization of coverages. Please read your policy for specific details of coverages.

Stay Connected  Like Us on Facebook Follow Us on Twitter Connect on LinkedIn Google maps Blog RSS

Bainswest

ECI Agency, Inc. | 325 Piedmont Rd N | Piedmont, OK 73078 | Ph: (405) 373-2977 M-F 8am-5pm