What Can Happen If You Fail to
Insure Your Arizona Business
When it comes to your business, you need to take all necessary precautions in order to ensure it is safe. This includes keeping it safe for your employees and the public. You never know what might transpire and take place, so taking the necessary steps to protect everyone is essential. This starts out with business insurance. Without business insurance in Arizona, you are self-insuring. There are all sorts of problems that may arise due to this.
Should someone become injured on your owned or leased property, you need general liability insurance. If you don’t have general liability insurance, the individual who is injured may sue you. And, without any insurance, you don’t have coverage for legal defense or for settlement awards. Instead, by having the Scottsdale AZ liability insurance, you are covered, as this insurance can provide coverage for the injuries suffered by your customer.
You may have workers who are injured while on the job, since there is always that chance of someone becoming injured while working for you. If your employee is injured, you don’t want to have to pay out of pocket for medical bills, fines, and legal expenses. By obtaining workers’ compensation insurance, you will be in compliance with state law, and your workers’ will be covered for injuries incurred on the job.