If you own a business in New Mexico, it is essential that you operate with business liability coverage. No matter what services you offer or the size of your operation, every business needs general liability in order to protect themselves in the event that a client’s or employee’s safety is jeopardized. If you’re on the fence about purchasing NM business liability coverage, here are three reasons to reconsider:
1. Bodily Injury and Medical Expenses
If an employee or client is injured as a result of your services or products, you can be slapped with a personal injury lawsuit if you are not covered for such incidents. To save yourself from having to cover costly medical expenses, purchase general liability insurance.
2. Legal Fees
In addition to having to pay for medical expenses, if you are sued for an employee’s or client’s injuries, you will be responsible for legal fees. General liability coverage can cover the cost of legal fees while ensuring that you are still able to operate your business in a smooth and efficient manner.
3. Property Damage
Despite how careful you are and the safety regulations you have in place, property damage can occur. If and when it does, it can be costly to repair. General liability insurance can cover the cost of any damage that occurs at the hands of you or an employee.
NM business liability coverage can protect your business from lawsuits and outrageous medical and legal fees. For this reason, you should invest in a sound policy as soon as possible.