Small Business Liability Insurance in Petaluma and Sonoma County, CA

Accidents can happen in any business at any time, and also bring with them lawsuits. A sudden claim can ruin a small business that’s not prepared. And although most lawsuits can be quickly resolved, some may take time and money to settle. Small businesses don’t always have the finances to rebound from expensive lawsuits.  

Small business liability insurance is designed to cover accidents that occur on business property and to protect you against the potential ramifications. This insurance can help a small business carry the burden of a lawsuit and other accident-related expenses. 

Don Ramatici Insurance, Inc.  works with small business owners across multiple industries to find and adjust small business liability policies for their business. We offer policies in Petaluma, Sonoma County, Napa County, and the surrounding areas, so don’t hesitate to protect your small business today by calling us or filling out a quote request now! 

How Does Small Business Liability Insurance Work?  

Small business liability insurance protects both the business and victims in the event of an accident that results in bodily injury, property damage and personal or advertising injury to third parties. The policyholder pays monthly or yearly premiums for coverage. When a claim is filed and approved, the policyholder and the victim will receive compensation for certain expenses related to the incident.  

Small business liability insurance policies typically have four coverage elements: 

  • Premises liability covers you in the event that a person who is not employed at your business becomes injured on your property. If someone sued your business because they tripped and fell on your property, liability insurance can help cover those expenses.  
  • Products liability covers you if a product or service causes injury to someone’s body or inflicts damage on a consumer’s personal property. If you’re a small tech company that broke a customer’s computer while performing a service on it, those damages could be covered. 
  •  A personal injury is when your business inflicts a financial or mental injury to a third party. For instance, you detain someone you believe was stealing from your store. It turns out your accusations are false and the person decides to sue. You’re covered under your general liability policy. 
  •  Advertisement injuries are caused by alleged misinformation, copyright infringement or slander spread by your business. If you were advertising a product that claimed it could help clear acne and it ended up making a consumer’s acne worse, that could be considered an advertisement injury. 

Overall, a small business liability policy is beneficial for covering any medical bills, repair bills or legal costs that accrue if an injured third party decides to sue you.  

What Does Small Business Insurance Cost? 

Small business liability insurance prices vary depending on the location and size of the small business, its claims history and industry, the deductible and applicable coverage limits. For a $1 million policy, a small business may pay between $300 and $1,000 a year for coverage.  

Call us at Don Ramatici Insurance, Inc.  to get your small business liability insurance quote.  

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