"I found Spiris on the Internet. I was in a rush because I had a gig coming up where my client wanted ‘an additionally insured’ document from my insurance company. I had just found out my former company did not cover students. Spiris was the quickest to respond, had the coverage I was looking for, and for a heck of a lot cheaper than I was paying."
Testimonials
Mike Vondruska
Owner and Juggler, Illinois Juggling Institute
Bollingbrook, Illinois
Dennis Wiley
Chief Financial Officer, Luther Care Services
Des Moines, Iowa
"Throughout the process, Dave Hutchison at Spiris impressed me as someone who wanted to do good work, not just sell me a policy. When his quotes came through, everything was in good order and his pricing was significantly less than anyone else. Over the years, Dave has always maintained the hard working attitude that impressed me so many years ago."
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.
