Understand the Need for Business Insurance

Your Atlanta business insurance protects you against many types of damages. From accidents and injuries to a cyberbreach, it’s important to carry the insurance that meets your needs. If you’ve never been sued or faced litigation, you may wonder why you continue to need your insurance. Don’t cancel it without considering the consequences if you are sued.

According to the Bureau of Labor Statistics, in 2013, there were 3,007,300 nonfatal injuries and illnesses in the private industry. This accounts for employees, not clients and customers. Unfortunately, there were an additional 4,405 work-related fatal injuries during 2013, 397 of which were homicides, and 700 of these were related to falls, slips, or trips. You wouldn’t want to be caught without insurance if one of your employees were one of these statistics.

A simple search of litigation brought by customers who were injured and later sued the company is staggering. Even if your business is not found to be negligent, you have still had to put a great deal of time and resources towards your defense. You do not want to be in that position.

If you are stressed over the cost of your insurance, talk to your Atlanta business insurance representative to find solutions. The insurance company has risk management strategies and other options that will assist you in finding the right products to meet your budget and needs.