Call Us 336-227-0154 ☰ ˟
Logo
Call Us 336-227-0154
  • Home
  • Our Agency
    • About The Peterson AgencyImage of right arrow
      • Employee Directory
      • Our Location
      • Mission Statement
      • Testimonials
    • Our Providers
  • Products
    • Auto InsuranceImage of right arrow
      • Classic Car
      • Medical Payments Coverage
      • Minor Violation Forgiveness
      • Accident Forgiveness
      • Rental Reimbursement
      • Uninsured & Underinsured Motorist
    • Home InsuranceImage of right arrow
      • Homeowners Liability
      • Landlords Insurance
      • Scheduled Property Insurance
    • Life InsuranceImage of right arrow
      • Disability Insurance
      • Group Life Insurance
      • Individual Life Insurance
      • Long Term Care
      • Mortgage Protection
      • Second-To-Die Policy
    • Powersports VehicleImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Snowmobile Insurance
      • Recreational Vehicle Insurance
    • Other Personal Insurance
  • Business
    • Business InsuranceImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Kidnapping Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Ransom Insurance
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Farm InsuranceImage of right arrow
      • Equine Insurance
      • Crop Insurance
      • Farm Auto Insurance
      • Farm Dwelling Insurance
      • Farm Equipment Insurance
      • Farm Liability Insurance
      • Farm Livestock Insurance
      • Farm Owners Insurance
      • Farm Structures Insurance
      • Farm Umbrella Insurance
    • Employee BenefitsImage of right arrow
      • Employer-Sponsored Retirement
      • Retirement Planning
      • Retiree Health Coverage
      • Group Benefits
      • Group Disability Insurance
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
      • Voluntary Benefits
      • Business Life Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Cargo Insurance and Freight Insurance
      • Car Dealership Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Contractors Insurance
      • Consulting Firm Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Educational Facility Insurance
      • Fleet Insurance
      • Food Truck Insurance
      • Financial Institution Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Limousine Services Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Religious Institutions
      • Restaurant Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Specialty Trade Contractors Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Tractor Insurance
      • Uber Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
  • Get A Quote
    • Auto Insurance Quote
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Business & CommercialImage of right arrow
      • Builders Risk
      • Business Owners (BOP) Quote Form
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Workers Compensation Quote
      • Commercial Umbrella Insurance Quote
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • Contact Us
    • Contact Us
    • Main Office
    • Durham Office
    • Goldsboro Office
Home > Blog > Do You Need General Liability Insurance When Using a Shared Office?
WEDNESDAY, MAY 19, 2021

Do You Need General Liability Insurance When Using a Shared Office?

When you own a building, it may make sense to buy a general liability insurance policy, so you don't lose the building in a lawsuit. If you're only renting a small space in a shared building, it may seem like you have little to no risk of injury lawsuits or other third-party challenges. But there are several reasons you may need to buy general liability insurance, regardless of how your business operates. Here are just a few of them. outside of a store

Your Lease May Require General Liability Insurance 
Your lease may require you to purchase general liability insurance as a condition of using the space. After all, your landlord wants to make certain that you can take responsibility for your own actions within your own space. This frees them from a degree of liability against your own mistakes, and ensures that you will be a reliable tenant. Without proof of coverage, you won't even be able to get your lease approved, in some cases. 

People Can Sue You for Things That Aren't Your Fault 
Anyone can claim you're liable for their injury and try to sue you — even if it wasn't really your fault. For example, a client who was coming to visit you might slip and fall on a tile floor thanks to coffee spilled by a neighboring business owner. To the client, it's your building, so they might blame you and sue you. You may eventually get your neighbor to pay up, but you can save time and money on legal fees by letting your insurance company deal with it first. In addition, there's a chance that a judge could still rule that you're partially liable, and you might have to pay even though you don’t hold yourself at fault for the accident. 

You Still Have Potential Liability 
Even if you're in a shared office space and aren't responsible for maintenance, you can still have liability for injuries.  

For example, you might leave something lying on the floor that someone trips on or an office chair that you bought might break when someone sits on it. One of your visitors or a contractor you hired might also cause property damage or commit a theft that you'd potentially be held responsible for as the person who invited them in. Finally, you might also want coverage for any accidental damage or injuries you cause when you go out to see a client at their location. 

Posted 5:09 PM

Tags: general liability insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • auto insurance(4)
  • coverage(3)
  • life insurance(3)
  • business insurance(3)
  • insurance(3)
  • home insurance(2)
  • rv insurance(2)
  • general liability insurance(2)
  • commercial(1)
  • life(1)
  • policy(1)
  • classic car insurance(1)
  • costs(1)
  • key person insurance(1)
  • homeowners(1)
  • workers compensation(1)
  • liability(1)
  • jewelry insurance(1)
  • premiums(1)
  • workers comp(1)
  • driving safe in extreme weather(1)
  • property insurance(1)
  • general liability(1)
  • general(1)
  • cyber liability(1)
  • cyber security(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Refer A Friend| Blog| About Us| Contact
Main Office
257 S. Graham-Hopedale Rd. | Burlington, NC 27217

Phone: 336-227-0154 | Fax: 336-228-1736

Durham Office
1822 ENC 54 Hwy, Suite 150 | Durham, NC 27713

Phone: 919-489-3737 | Fax: 919-474-9630

Goldsboro Office
413 Royall Ave. | Goldsboro, NC 27534

Phone: 919-580-0079 | Fax: 919-288-1017
Social Social Social
Logo Logo Logo Logo
Logo

Powered by Insurance Website Builder