"I get reasonable pricing and very prompt service from Spiris. They have a good product and do thorough research with companies before they provide us with a proposal. And we get very personalized service."
Testimonials
Tom Garman
President, Golden Years Homestead
Fort Wayne, Indiana
Cullen S. Gibson
Vice President of Operations TLC Management, Inc.
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"I have worked with Spiris for several years and have found their organization to be a great partner and advocate for our Industry. It is critical these days to align yourself with other organizations that can bring you the best product that meets your ongoing needs. Spiris is a creative company that can certainly bring a product to your table that fits your business philosophy and financial needs. And more importantly, once the deal is struck, Spiris keeps working for you to find a better product if one is out there. I define this as staying on the cutting edge of the insurance market."
Small Business Insurance – Liability
Liability insurance protects your small business from losses and lawsuits filed because somebody got hurt or their property was damaged on your property or because of an employee’s actions or negligence. Legal fees and awards can add up quickly, and skyrocketing tort costs (see chart below) can bankrupt even the most well-run companies.
IMPACT OF INSURED ASBESTOS LIABILITIES ON U.S. TORT COSTS ($billions)
| Year | Including Asbestos | Excluding Asbestos |
|---|---|---|
| 2000 | $179.2 | $177.0 |
| 2001 | $205.5 (+14.7%) | $200.0 (+13.0%) |
| 2002 | $233.2 (+13.5%) | $223.0 (+11.5%) |
| 2003 | $245.7 (+5.4%) | $237.1 (+6.4%) |
Source: http://www.towersperrin.com/tillinghast/publications/reports/Tort_2004/Tort.pdf
General liability is the most common form of small business liability insurance and will often protect against damages filed in libel, slander or infringement suits, as well as for physical damages.
Since risk, and therefore, damages can vary greatly, it’s important to consult with insurance professionals who are familiar with your field and the risks inherent in your line of work.