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Liability Insurance
What are the advantages of insuring our liability?
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[QUOTE="King bell, post: 255468, member: 75687"] There are many benefits to purchasing liability insurance, including financial protection in the event of a lawsuit, peace of mind, and the ability to take on higher-risk projects. Liability insurance can be vital for businesses of all sizes. If you are sued, the costs of a legal defense can be very high, and if you are found liable, the damages can be even higher. If you have insurance, the insurer will usually provide a lawyer to defend you and will pay any damages that are awarded to the plaintiff. This can save your business a lot of money, and it can also protect your personal assets from being seized to pay for damages. Another benefit of liability insurance is that it can give you peace of mind. If you are worried about being sued, liability insurance can help ease your anxiety. It can also help you sleep better at night knowing that you are protected against potential legal claims. Finally, liability insurance can allow you to take on higher-risk projects. If you are self-employed or run a small business, you may not have the resources to defend yourself in court if you are sued. But if you have liability insurance, you will not have to worry about this. You can take on projects that may be more risky than you would otherwise be able to do, and you will not have to worry about the financial consequences if something goes wrong. [/QUOTE]
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What are the advantages of insuring our liability?
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