What Role Does Insurance Play in Legal Protection?
Insurance is another critical component of legal protection. Here are some types to consider:
- General Liability Insurance: Covers legal fees and damages related to bodily injury or property damage caused by your business. - Professional Liability Insurance: Also known as errors and omissions insurance, it protects against claims of negligence or mistakes in professional services. - Product Liability Insurance: Protects against claims related to damages caused by products your business manufactures or sells.