Liability insurance covers everything you can't afford alone
Real-World Examples
Consider a small business owner who faces a lawsuit after a customer slips and falls in their store. Without liability insurance, the business owner might have to pay significant legal fees and damages, potentially leading to bankruptcy. However, with general liability insurance, these costs are covered, allowing the business to continue operating without financial strain.
Similarly, a professional consultant might face a claim from a client alleging that their advice led to financial losses. Professional liability insurance would cover the legal defense and any settlements, preserving the consultant's reputation and financial stability.