How Unknown Risks Can Ruin Your Business

There are some threats that can seem a given to most business owners. From theft to cybercrime to disgruntled employees, most people have a plan of action in place for how to handle these scenarios. However, there are a number of risks that are never even considered. For example, you might find that an ad released by your company had led to some serious problems in the public. Without ample insurance coverage, you could be looking at the end of your business and some heavy legal battles ahead.

Protect Your Assets

Professionals advise taking action in advance when it comes to advertising injury liability and similar areas. When an ad or document released by your business creates turmoil with consumers, investors, or other parties associated with or impacted by your brand, this insurance protects you and your assets from ruin. However, it is not a type of insurance that is included in almost any standard policies. In order to find this kind of coverage, you usually need to inquire about it from your agent. Liability coverage includes:

  • Legal fees related to claims
  • E&O coverage
  • D&O insurance for management

Avoid the Blame Game

A business is exposed to more potential threats than most people realize. In order for you to do your part to keep your company safe, take time to learn about how you can use advertising liability to avoid financial or legal blame.