{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Liability insurance isn’t just for cars. It’s also used to protect homeowners, renters, and ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/new-business-5e6i4A5dOZ1UKe2eT4QYM7"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"business owners","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":". Because, without coverage, accidents can be extremely costly. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"What is liability insurance?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"It’s insurance coverage that protects you from claims related to injuries and damage to property or other people. Unless the damage is intentional.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Do I really need liability insurance?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Even if you feel like you don’t have much to lose, you should still consider liability insurance. Because accidents that happen now can impact your future finances, too. Read: Without liability insurance,  you may need to pay garnishments if a court order seizes part of your income to cover debt related to a lawsuit. . ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"How much does liability insurance cost?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Liability insurance is often included as part of larger insurance policies. Think: Renters or homeowners insurance. So the price may depend on your individual policy.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Renters Insurance","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/renters-insurance-cost-coverage-1jDaymmmfrKFawzCHSRpr8"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"Renters insurance","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" policies usually come with built-in liability insurance. Average policy costs depend on your location, insurance carrier, and other factors. Expect to pay around $14.92 per month for your renter’s insurance policy. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Homeowners Insurance","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/homeowners-insurance-4pERErSjNJgkEo8YLeg2JV"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"Homeowners insurance","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" policies also include liability coverage. The average cost for a homeowners insurance policy in 2022 ranges from $1,200 to $1,400 per year. Remember to talk to your agent to make sure you understand the details. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"What about liability insurance for my business?","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"Business insurance policies keep your personal and business assets separate and protected from the unexpected. If you own a ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/new-business-5e6i4A5dOZ1UKe2eT4QYM7"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"business","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":", you’ll definitely need liability coverage. FYI: Lawsuits, accidents, and even natural disasters can cause a business to close.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"And you can find different policies designed specifically for certain industries and job types. Think: for food services, media content, teachers, and vendors.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Employment Practices Liability Insurance","nodeType":"text"}],"nodeType":"heading-3"},{"data":{},"content":[{"data":{},"marks":[],"value":"All kinds of businesses should consider employment practices liability insurance. Which can protect you from pricey lawsuits. As a business owner, you’re more vulnerable to allegations involving discrimination, wrongful termination, or harassment. Scary. And costly. ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"How can I find the best coverage?","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Brush up on ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/insurance-terms-skimmd-5Gn6PdRMpwiwcELA9A8T4k-post"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"insurance terms","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" so you understand the language when speaking to an agent.Next, shop around for the best deals in your area. Psst…here are a few tips to help you ","nodeType":"text"},{"data":{"uri":"https://www.theskimm.com/money/how-to-save-on-insurance-premiums-4aIJOZfpx4b64rYYPJ8MX2"},"content":[{"data":{},"marks":[{"type":"underline"}],"value":"save","nodeType":"text"}],"nodeType":"hyperlink"},{"data":{},"marks":[],"value":" on your insurance premiums.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"theSkimm","nodeType":"text"}],"nodeType":"heading-2"},{"data":{},"content":[{"data":{},"marks":[],"value":"Liability insurance is worth considering, even if you feel like you have nothing to lose at the moment. Accidents happen, and liability coverage can be a low cost way to protect your future finances.","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"document"}