As with many previous episodes, much of the content for the topics I talk about on this podcast come from questions that I receive from you. In this episode, I discuss legal expense insurance, which is something I haven’t covered yet, but I have been asked about and will be useful to know about as a small business owner.
Today you’ll hear about:
- What legal expense insurance is, what it’s specifically designed for and examples of some of the risks that may come up for a small business owner
- Legal disputes commonly faced by small business owners and that may require legal expenses
- Why it’s so important to understand what coverage you already have under your other insurance policies
- How often to have the conversation with your insurance broker and specific questions to ask when you do speak with that person
- The significant financial impact that legal issues can have on a business and the pros and cons to weigh as the owner
- Why more and more small business owners are opting for legal expense insurance right now
If you haven’t recently reviewed your commercial insurance policies, I hope this serves as a reminder for you to do that. As well, I wanted to provide you with the list of questions that you can ask your insurance broker when you have the conversation around your policies and coverage, so that you can get a sense of what types of legal risks you may be potential exposed to, and then you can make some more informed decisions about how to protect your small business.
Mentioned in this Episode
Episode 39 - Three Layers of Liability Protection
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For more please visitmy website at Legal Mybiz.ca. You can connect with Corinne on Instagram at www.instagram.com/legalguidecorinne/ or by email, corinne@legalmybiz.ca.
