All businesses need some form of basic liability insurance. A very basic form of liability is “slip and fall” insurance. It may also be referred to as “OLT Insurance”, Owners, Lessors and Tenants insurance. As a business owner, you take a risk that if a customer, salesperson, or vendor enter your premises and injure themselves, you may be held financially liable for medical and other injuries or losses sustained. A Commercial General Liability policy, among other things, will respond to this type of suit. There are other benefits to this type of insurance – refer to your current policy or an insurance professional for additional coverages and clarification.