Does Your Business Need Liability Insurance?

Yes, every business even a small-sized or large, must insure a business liability insurance. Because anything can happen or go wrong anytime, anywhere. About 78% of all U.S. businesses are structured as a partnership or sole proprietorship, this form of ownership puts your small business and personal liabilities at risk. Getting rid of financial ruin and protecting your business and personal life can be done by owning a business liability insurance.

You can be personally liable for the issues like, signing a personal guarantee for loan or giving security, injuring someone by unexpected misfortune, acting irresponsible or illegal, not operating business as separate entity. There are basically three types of business liability insurance:

General Liability Insurance: This type of business liability insurance is the important coverage to protect your business from injury claims, property damages, etc. General liability insurance also known as Commercial General Liability is one of the best types of business liability insurance you need depending on your business situation.

Professional Liability Insurance: Business owners providing services will need to consider having professional liability insurance for errors and negligence claims. This coverage mainly protects your business against malpractice, errors, negligence and omissions. Depending on your profession, it may be a legal asset to carry such policy. For instance, doctors require liability coverage to practice in certain states. Technology consultants most often need coverage in independent work arrangements.

Product Liability Insurance: Small businesses which are producing and selling products should be protected in the event of a person becoming injured as a result of using the product. In this type of liability insurance, the amount of coverage and the level of risk depends on your business type. A retailer of scrap book supplies will have low risks than a wood stove builder.

So, it is necessary to consult your insurance agent for the appropriate liability insurance and coverage you need for your business.

Know Common Myths About Air Purifiers

Air purifiers are the devices which prevent the pollutants and allergens from surface. These are respiratory friendly devices. These devices increase the air quality in the surfaces, and hence increase the individuals breathing rates. Though air purifiers are being popularly used across the world, there are few common myths surrounding the air purifiers.

Common myths on air purifiers are:

Purifiers prevent cent percent air contaminants: This is the most common doubt everyone has. Many of the commercial companies advertise that their air purifiers have 100% purification capacities. But the fact is the most efficient of all air purifiers, the HEPA systems can prevent only 99.97% of the air borne particles in the surfaces.

Purifiers needs more maintenance and cleaning expenses: Every device requires minimum regular maintenance. The capacity of the devices will be increased with regular maintenance and cleaning. Similarly air purifiers also require regular maintenance, but these devices require less maintenance and cleaning expenses.

Toxic chemicals are not removed by air purifiers: Air purifiers remove all chemical fumes in the surfaces, these devices are strategical strong at removing dangerous pollutants and allergens from the air.

Air purifiers are the complete solutions for the asthma and allergic patients: Air purifiers are really beneficial to asthmatics and allergic patients, these devices are mechanically strong at purification of indoors, they prevent the allergens and pollutants from the air. Asthma and allergic patients can breath quality air and get relief from respiratory problems. Though these are highly helpful for asthma and allergic patients, they are only helpful in controlling the problem and not curing the problem. In order to get permanent cure for the problem, proper medication has to be taken.

Having cleared all the myths its now time to go and purchase a good air purifier.

Do All Businesses Require Public Liability Insurance?

Since all business activities are associated with risk and uncertainties, taking insurance for business is must for any kind of business. So, purchasing a flexible business insurance policy that includes public liability insurance is the most efficient way of insuring a business against the litigious society.

This type of insurance is most useful for the business that have high risk of accidents and third party claims. You cannot imagine the amount of expenses that might get covered by using this insurance policy.

It is necessary to have public liability insurance because it protects you and your business from financial loss caused by the accident or injury to a member of a public at your business premises. This might be due to your negligence, type of your business location, etc.

Although public liability insurance is bought depending on the type of business they run, but as all kinds of business are associated with the risks and unexpected events, it is must to get covered with public liability insurance for being getting away from loss of earnings and the legal costs. By having Public Liability Insurance cover in your business insurance plan, you are often able to cover your business for potential losses and financial ruin.

Public liability insurance policy will cover all legal and medical costs including on-going disability payment costs. In today's litigious society these costs might go up to thousands and even lakhs. This insurance policy is helpful to fight against the liability cases and also spurious claims being made against incidents in business premises. But if your business location is not a safe environment and prone to accidents, then your policy may become void. Ensure that your workplace must be in good condition and well built to minimize public risk.