Professional Liability Insurance Group - Volume 20

We provide informative articles and topics that focus on information for businesses of all types. Recent blogs to check out:

• Ridesharing: Think your commercial auto policy covers you if you drive for Uber, Lyft, or Sidecar? Think again.

• Three Things You Can Learn From The Most Profitable Law Firms • Grow Your Business With Online Payments

Take a look below to see a sneak peek of this month’s blog topic!

How to Get Liability Insurance Before You Take Over a Building

When you occupy a building, you are liable for any incidents that may occur in the building. So, if someone falls because there’s loose flooring, you could have a claim made against you.Without the proper insurance in place, this can significantly affect your financial forecast or put your business in danger. Liability insurance does protect you. It will cover the compensation and legal costs that may result from such a claim. However, you can’t wait until you’ve moved into the building before taking the insurance out.What if someone injures themselves in your new building moments after the contracts are exchanged?

This isn’t as difficult as it seems.The best person to speak to is your insurance broker.They will be able to advise what insurance is necessary for the move, as well as when to start the insurance.This might be the day before you take over or slightly longer, depending on the specific circumstances. Remember that you might also need to get insurance if the building is undergoing construction or any other maintenance work before you move in.There are 79,000 construction-related work accidents every year. So be sure that you are protecting yourself should one of your construction team injure themselves. If you are having work done on the building, buy your liability insurance before the work commences. Liability insurance is important for your business. It protects your business from claims when there are accidents on your new premises, so make sure you have this arranged as soon as you are responsible for the place. This article recently appeared on the Professional Liability Insurance Group’s blog. For more great resources and insight from Shayne Bevilacqua, be sure to visit protectusbetter.com/blog. Conclusion

If you’ve only just moved in and had no time to make necessary repairs, even if you’ve planned them, you’re technically at fault.

Getting Insurance BeforeYou Move In

You need to protect your business and your finances.Therefore, you need to buy liability insurance to ensure you are covered before anyone steps foot on the premises once you are responsible.

3 Professional Liability Insurance Group • www.ProtectUsBetter.com

Published byThe Newsletter Pro • www.NewsletterPro.com

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