Employer’s Assets are Fair Game
Congratulations! You are open for business. Youve set up shop and hung out your shingle. You have probably prepared yourself by purchasing an insurance policy. Unfortunately, in todays increasingly litigious society, a general or professional liability policy still leaves you exposed and vulnerable. One statistic states that 19 million lawsuits are filed each year. If you own a business, investment properties, or are a professional, you may have a one in three chance of being named in a lawsuit.
If you are named personally in a lawsuit for something your policy excludes, your personal assets become fair game– home, financial accounts, life insurance policies that have a cash value, real estate, businesses, cars, electronics, investment portfolios, collections of art, antiques, etc. Lawye