Your partner in protecting your business
Many of today’s liability insurance policies cover not only you as an insured, but also all employees, sometimes even past employees, temps, volunteers and others. You honestly answer “no”.
Later on you find out you are being sued by a member of the public who fell down in your establishment, had been helped by an employee who didn’t bother to report it because it didn’t look like a serious event. The fact that an employee, who might also be an insured knew about it and said nothing, your insurance may have been voided. If you read the question carefully, the only answer you can give when signing the application is “I don’t know”, because you can’t know everything. Most people just sign the application.
This is what we call “gotcha” language, and we have a way to fix it. It’s what we do!
This article has been brought to you courtesy of Thomas Goode, President of Insurance Solutions Group, Inc., of Marblehead MA. Thomas is an insurance consultant for property & casualty insurance, insurance bid specs, insurance program audits and insurance training.
Elliot Whittier Insurance Services, LLC is a local Trusted Choice® agency that represents multiple insurance companies, so it offers you a variety of personal and business coverage choices and can customize an insurance plan to meet your specialized needs. You can visit Elliot Whittier online at www.ElliotWhittier.com, email email@example.com, or call 888-641-5024 and ask for Chris Millerick.