Exposed!
Look what your insurance company has "uncovered."
When your general liability policy comes up for renewal next
year, take a close look at what it doesn't cover anymore. Some
significant changes have been made to the standard general
liability policy most insurance companies write, says David W.
Henry, an attorney with Allen, Dyer, Doppelt, Milbrath &
Gilchrist PA in Orlando, Florida. Essentially, those changes
exclude some previously covered risks in the areas of libel,
slander, copyright and trademark infringement, personal and
advertising injury and Internet-related activities. If your company is at risk, consider alternatives or supplements
to the traditional general liability policy. "Too many small
businesses never take the time to look at the exclusions,"
Henry says. Your options might be an industry-specific liability policy, a
supplemental Internet liability policy (also known as
cyberliability) or a stand-alone trademark or copyright
infringement policy. As the standard general liability policy
narrows, the number of special-purpose policies is increasing to
fill in the gaps. Some of these products are easily affordable;
others are quite pricey. If you have an exposure you can't or
don't want to insure, you may choose to approach the issue from
a risk management standpoint. In any case, Henry advises, when your
renewal notice arrives, talk to your agent and be sure you know
what your policy does and doesn't cover.
Content Continues Below
Jacquelyn Lynn is a freelance business writer in Orlando,
Florida. Contact Source - Allen, Dyer, Doppelt, Milbrath & Gilchrist PA
(407) 841-2330, www.addmg.com
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