Firearms Insurance Agent Blog

The Firearms Insurance Specialists

The Top 3 Myths About Liability Insurance

Liability Insurance policy in the hands of manager.

If your business is on the smaller side, you might not think that you need to have liability insurance. You’re not providing products or services to that many customers just yet, so there’s no need to invest in liability insurance, right? Wrong. No matter what size your business is, you should have liability insurance. This is especially true for those companies operating in the firearms industry.

Not needing liability insurance because of the size of your company is one of the many myths that businesses should ignore when it comes to liability insurance. Check out several other liability insurance myths you should ignore below.

Myth #1: You just need the bare minimum

Having the bare minimum amount of liability insurance coverage is better than not having any coverage at all. Nevertheless, there is a good chance it’s not going to provide you with much protection in the event of an accident. Those in the firearms industry should invest in a customized insurance plan that provides them with coverage under all circumstances.

Myth #2: Just be careful and you won’t need insurance

Working around firearms can be a dangerous job. But as long as you’re careful and have the proper safety rules in place, you might not think you need to worry about getting liability insurance. This is, again, simply not true. There are so many accidents that can take place involving you, your employees, and your customers. It’s better to be safe than sorry by securing a liability insurance policy that protects you and your business.

Myth #3: Liability insurance will cover any accident

Many business owners assume that, as long as they have liability insurance, it’ll cover any accident that they’re involved in. But this isn’t always the case. It would be a good idea to work closely with an insurance broker that can find you the right liability insurance based on the type of business you run and the kind of accidents that could potentially affect you.

As the owner of a business that is a part of the firearms industry, it’s essential for you to have a great product liability insurance policy. Associated Services in Insurance can help you track down a policy that meets all your needs. Call us at 855-486-2667 to talk with someone from our team about finding the right liability insurance plan.