In today's litigious society, even small mishaps can result in large lawsuits. That is why liability insurance, along with property and worker's compensation insurance, is essential for most California companies. Liability insurance protects the asset of a business when it is sued for something it did (or didn't do) to cause an injury or property damage.
Liability insurance can be purchased separately or as part of a business-owner's policy (BOP). A BOP bundles property and liability insurance programs into one policy. However; the liability coverage limits are generally standard. Normally, California businesses that require higher limits purchase the liability insurance plan as a separate policy.
The amount of coverage a business needs depend of a couple of factors:
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