Liability Insurance Options For Online Sellers

Online sellers tend to have a hard time signing up for business insurance. Part of the reason is that most sellers don’t view it as a necessity while others aren’t sure of what coverages they truly need. While the best way to ensure that you get the coverage you need is to work with an experienced agent, there are two liability coverages that you should absolutely carry.

General Liability

General liability insurance in New Mexico provides coverage for your business in case a third party files a lawsuit claiming that they suffered bodily injury or property damage because of your business. An example of when this would come in handy is if a widget that you sold online started a fire in a customer’s home. Your policy would cover any fees for which you’re found to be liable.

Professional Liability

Professional liability insurance provides coverage for your business in case the third party states that an error or negligence on your part is what caused them to experience a loss. An example of this is a client losing money in the stock market after following the advice of a financial advisor. Like general liability, your policy would cover payments for the damages for which you’re found liable.

Professional and general liability insurance in New Mexico may not be all the coverages you need but they will certainly serve as a strong foundation for the rest of your policy. Contact an agent today to get started with creating your new policy.

Professional Liability

Professional liability insurance provides coverage for your business in case the third party states that an error or negligence on your part is what caused them to experience a loss. An example of this is a client losing money in the stock market after following the advice of a financial advisor. Like general liability, your policy would cover payments for the damages for which you’re found liable.

Professional and general liability insurance in New Mexico may not be all the coverages you need but they will certainly serve as a strong foundation for the rest of your policy. Contact an agent today to get started with creating your new policy.

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