We all know that accidents happen. You could say it is a part of being human. What happens when an accident occurs at your business? If someone gets hurt in your business, there is a chance that they could sue.

Depending on how hurt the person or employee got while in your business could determine how much the lawsuit or payment will hurt your finances.

General Liability insurance and Workers’ Compensation are important insurance policies that you may need for situations like these.

What is General Liability Insurance? 

General Liability insurance can help prevent a legal suit from turning into a financial disaster for you and your business by providing you with financial protection.

General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on the premises of your company or injuries as a result of your business. 

What is Workers’ Compensation?

Many professions in the world require manual labor, heavy lifting, working with equipment, and many other components that could hurt you. Sometimes in these industries, people will get hurt while on the job.

Workers’ compensation laws were created to make sure that if an employee is injured on the job they are provided with fixed monetary awards. 

Companies or businesses that have Workers’ Compensation receive assistance in paying the benefits the injured employee will get.

Why should I get General Liability or Workers’ Comp Insurance?

For any successful business, protecting your finances is crucial. Workers’ Compensation and General Liability can help you with the costs of having to pay injured employees and people hurt on your property. Although General Liability insurance is optional, most states require businesses with employees to carry Workers’ Compensation coverage.

No matter if these types of insurance are required or not, it is still important to have them. The line between having to pay enormous amounts of money in cases of legal suits or hurt workers could depend on whether you have coverage

At Henry Insurance, we want to work with you to find a plan that fits the needs you may have for yourself, your business, and your employees. Call us at (225) 927-0451, or visit the business insurance section of our website to get a quote today!