All businesses, regardless of industry, face risks that should be covered by insurance. The most common and comprehensive type of policy business owners invest in is general liability insurance (or CGL). If your business is sued, you could end up facing fees totaling hundreds of thousands of dollars (or more).
Some of the risks CGL insurance covers are Bodily injury, Property damage, Medical payments, Legal defence and judgment, Personal and advertising injury. Having a sufficient CGL policy in place to help compensate for these damages is the only way to prevent this type of event from devastating your business.