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By JOE MAILLET 1,574 views

Some Common Misconceptions about General Liabilities Insurance

There are multiple things that you want to run smoothly when you are an owner of a small business. All of these small thighs play a part to run the business smoothly. So, you cannot simply ignore any of these. These are called General liabilities of a business and you need a good broker to guide you through the policies of General Liabilities Insurance.

You need to cover all the areas and make sure that your business is insured against any kind of damage. Many of the business owners don’t even care about this insurance and it will cost them a lot in the future. So, it is important that you take care of it as soon as possible.

In this article, we are going to discuss some of the myths that are running about General liabilities insurance. The knowledge about this insurance can become your greatest strength. So, you require all the information on this insurance coverage. 

Shutting Down business is not the Answer

Some of us think that if a business is not running smoothly and according to plan shutting down is the right call. Wrong! It is never a good alternative to facing things. This will not protect you against any kind of lawsuit that you may face.

The judiciary system of New York City does all the investigation even if your business gets shut down. If in the investigation you look responsible for any kind of liability damage, you can end up as financially liable for that.

Here you need the assistance of a good General liability broker. A good liability insurance policy can protect you against any kind of legal lawsuit. If your property gets damaged, the NYC Property insurance will cover all the expenses. 

Your Homeowners Insurance will also be able to Cover Home business

This is another big misconception that we all face when running a business from home. A home business is totally a different thing. So, you cannot cover the damage that your business gets through that insurance. 

The homeowner policy is useless to protect any kind of home business property. There are many things that come under the business property.

  • Equipment
  • Computer / Laptops
  • Inventory
  • Furniture of home business office


There are many policies that companies provide nowadays to cover all of these damages. This will guarantee that your home business is also covered. 

It doesn’t cover you in Cybercrime

Cybercrime is one of the criminal acts that don’t leave any traces. In the past, there was no insurance policy that protects your business against this kind of data breach. This is not the case anymore.

Now, Companies provide their customers with all kinds of General liabilities Insurances. These also include the protection against any kind of cybercrime act. If someone attacks your business data, the insurance company will protect you against it. 

If you make a proper deal with your insurance company against this kind of activity, they provide you with all the help they possess. 

You cannot claim personal vehicle damage when running business errands

One more thing about this insurance is that you cannot claim them against any other work. If you are using your personal vehicle to run a business errand and get into an accident. There are chances that your insurance claim gets rejected. 

So, these are some of the misconceptions about General Liabilities’ insurances. You require the assistance of the best insurance agency based in NY City. They will guide you better in these kinds of situations. You can also get their assistance when covering other insurances as well. So, what you guys are waiting for click here to get started.

Joe Maillet

Joe Maillet is an avid reader and a writer by heart. He is an author, freelance writer and a contributor writer, who write articles and blogs for various leading online media publications and for CEO and entrepreneurs from across the world. He keeps himself updated with the latest marketing trends and always recognized in the industry for providing solutions to B2B and B2C businesses.