You might think you will never experience an event that would require the protection provided by liability insurance. However, the negative events that can have financial repercussions for you and your business are varied and occur every day. Examples:
- An appliance or piece of machinery short circuits and burns down the building where you lease work space.
- You did not list all the ingredients on the packaging of the food or beauty product you sell, and a customer had an allergic reaction.
- Flooding from a storm ruins inventory in your warehouse.
- One of your employees says something insulting or derogatory about a competitor in a newspaper story, and they decide to sue.
- An employee gets in a traffic accident while driving clients to a meeting, and everyone in the car is injured.
- A thief breaks into your offices and steals equipment. Or, you find out your employees have been stealing inventory.
- A customer slips and falls on a loose carpet in your place of business, and breaks a wrist.
- A visitor suffers a heart attack on your premises and is given CPR by one of your employees, and is injured as a result.
- A delivery person falls and suffers an injury on an icy walkway while delivering packages to your workplace.
- An employee you fired sues you for wrongful termination.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC.
Infinex and First Commonwealth Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
*We do not provide tax advice. Consult your tax advisor.
*Diversification is a method of controlling risk. It does not assure a profit or the avoidance of loss.
**Dollar-cost averaging is a method of controlling risk. It does not assure a profit or the avoidance of loss. Investors should consider their ability to continue a dollar-cost averaging program in periods of declining markets.