Some business owners assume that if they do an outstanding job keeping their commercial premises free of any dangerous conditions, including all the appropriate signage warning of potential injury or damage, they can't be held liable for third-party property damage or third-party bodily injury and, therefore, do not need premises liability insurance. That is not true. We all know that accidents can happen, even to the most conscientious person who takes every measure imaginable to avoid hazardous conditions. But it's also important to remember that you could be accused of causing bodily injury or damage you're ultimately not liable for, and you'll still have to defend yourself in court against those allegations. Even without the cost of a liability settlement, you'll need premises liability insurance coverage for legal defence costs such as your attorney fees and court fees.