What is General Liability?Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy.Why does my company need it?Typicall a business needs coverage for 2 reasons

1. During the course of business, a transaction or service may take place that brings about damages to a third party.  This damage can be sued and you will need legal defenses and possibly a settlement financially.
2. On many occassions a contract you enter into requires liability protection

How do get coverage?Getting coverage requires you to contact an insurance agent www.rickclineagency.com and relay to them the information and general description of your company.  From there, the agent will underwrite the policy with several insurance carriers and discover the approprate premium for the risk.  The higher the risk, the more premium!What if my business grows fast?This is a great thing.  At the end of the policy term, your policy will be audited by the insurance company.  This audit will catch any additional exposures that you may have taken on during that year.  Of course, this can cost your business more premium.  Make sure to have a good agent to dicuss the growth of your business.I hope this gives you some good feedback on General Liability Insurance. Rick Cline 303-932-1700 http://http://feeds.feedburner.com/whatworksforbusiness?format=xml