Rinkos Insurance Solutions is a market leader in insurance broking. We help clients better quantify and manage risk to survive and thrive.
Being a Network Partner of one of the largest insurance broking companies, we have the capacity to handle a broad range of risks on either a direct or a wholesale basis.
Drawing on solid relationships with London and global markets we’ll do our utmost to find the right solution for you.
General liability insurance protects businesses against unexpected claims that arise during regular business operations. If a company is legally responsible for injuries or property damage, general liability insurance helps cover attorney fees and medical expenses.
A client could get hurt on your premises, or an accident within your company could damage a neighboring business—there are myriad ways a potential claim could arise without prior notice.
Additionally, general liability insurance helps cover damages caused by the business
General liability insurance is especially important for businesses where injuries and potential lawsuits are more common, such as convenience stores, restaurants, or entertainment venues—places with high foot traffic where the risk of someone getting hurt or causing damage is difficult to avoid.
Although it is clear why these types of businesses rely heavily on liability coverage, every business can benefit from general liability insurance. Believing that liability coverage is unnecessary for your company could lead to an unexpected lawsuit that, without coverage, could force your business to shut down.
General liability insurance comes into play when your company is deemed responsible for personal or bodily injuries, as well as damages to third-party property. Liability coverage protects companies from lawsuits, covers medical payments, and includes other third-party claims for which your business is responsible.
General liability insurance also helps cover administrative costs, court costs, judgments, and settlements. These expenses can be significant, and in most cases, a smaller business cannot survive them.
General liability insurance covers a wide variety of claims, providing a safety net for a growing business.
General liability insurance protects your company from common lawsuits, but it does not cover these claims:
Any successful company cannot completely avoid these claims. Depending on the business, additional liability insurance may be required to minimize potential damage to the company.
Professional errors in business are unavoidable, but they often result in financial losses for clients.
Professional liability insurance provides coverage to defend against claims and compensate clients for unforeseen mistakes.
No business today can survive and thrive without electronic devices. A company often holds a significant amount of sensitive data that should not be lost or exposed to third parties. An unexpected loss of important information due to a malfunction or security breach can cause irreparable damage to a company. In such cases, cyber liability insurance helps cover financial losses caused by unexpected cyber events.
Cyber liability insurance is especially important for companies that store sensitive client information. If a third party suffers due to a data leak at your company, having the right coverage is crucial to defend against such claims.
Management Liability insurance protects your company against cases of mismanagement. Because it is often confused with professional liability insurance, some businesses overlook it. However, without proper coverage, you could risk losing your business. Management liability insurance protects a company’s leadership, enabling them to perform their duties and make important decisions with greater confidence.
General liability insurance can be considered the most basic form of liability coverage for any business. Every business striving for success and efficiency should consider additional liability insurance lines based on their field of activity.
Most relevant news of the Rinkos Insurance Solutions
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels.
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Rinkos Insurance Solutions is a licensed insurance broker regulated by the Bank of Lithuania (License No. 0060). For additional legal information please visit the Terms and Conditions section.
