Which of the following is NOT true about earthquake coverage

Which of the following is NOT true about earthquake coverage?

Public liability insurance is one of the less common forms of protection. Many businesses fail to consider the possibility of what could happen when customers step foot onto their property. Anything from a falling box of cereal at a grocery store to a spill on aisle nine can spell disaster for a business. Such common events are often taken for granted by businesses that might find themselves in financial ruin for not protecting themselves from their own customers. So let's discover which of the following is NOT true about earthquake coverage.

This type of insurance, whether purchased on its own or as a part of a larger comprehensive policy, will protect a business from any injury or damage the public receives from just stepping onto your property. It also covers your employees should they travel to a customer's home, office or business. If they cause any damage while there on business, your company can be held liable for damages and injuries. Public liability insurance seeks to cover all the bases.

Often, businesses will choose public liability insurance at its very basic form, depending on how many employees are working for the company at a given time. The less contact your customers have with your business physically, the safer you are from being held liable should something go wrong. Risk increases exponentially if you surround yourself with more customers, or if you send your employees out to interact with them while on company time.

Third Party Protection Via Public Liability Insurance

Obviously, if you are operating a business online or through a catalog, this type of insurance is often unnecessary. However, if you are operating a grocery store or other place where customers come to you for goods or services, chances are a public liability insurance policy is the safest way to protect yourself. It is always better to be prepared for disaster than to find yourself out in the rain without an umbrella to keep you dry.

Liability Insurance Quotes

Before you buy insurance, it pays to shop around for the best quote. You never want to pay so much for insurance that you wind up wondering if it is worth it. In the case of liability insurance, it is always in the best interest of everyone involved to invest the money to protect yourself from any claims that may arise. One small claim can end the life of a reputable business if they are not insured.

Liability insurance quotes can be the best way to find out the cost-benefit ratio of your particular business. First, sit down with your staff and discuss the pros and cons of liability within the company. Depending on the industry, goods or services provided, this may be an easy list to come up with. The more detailed this list is, the better. You want to be able to present factual information and statistics that show your where you might be held liable should something go wrong. Investigating different insurance plans before you get your quote will also help you recognize exactly what you need in a liability policy.

Liability Insurance Quotes Are a Business's Best Friend

The next step is getting your quote. Generally, you can do this online. However, for a larger company, it is more effective to go in person to sit down with an insurance agent and discuss the ins and outs of your particular business. This way the agent can fill out the forms with detailed information. The more detailed a quote questionnaire is, the more accurate of a price you will get. Since an agent knows what is and is not a risk, it is safer to let them handle the quote in person than to do it online, where a computer spits out information based on generalities rather than specifics.

Finally, when you receive your quote, you decide whether or not to accept it. Over the course of your business endeavors, you may find that your liability increases as the risk related to your particular business increases. It is in your best interest to be as honest as you can with your insurance agency, to ensure that you receive the coverage that will best fit your needs.