1. If your business is a
corporation, your liability
insurance policy will cover all
executive officers,
stockholders and directors
while they are acting in their
official capacities.
2. If you have subsidiaries,
your policy's liability
insurance coverage extends
to any subsidiary where you
own at least 50% of the
stock. Your policy protects
your employees from claims
that result from actions they
take in their capacity as
employees.
3. If you have a joint venture
or partnership, all partners,
members, and their spouses
are protected if they are
sued for something they do
in an official capacity related
to the business.
4. If you have a written
agreement to indemnify a
person or organization, such
as a vendor, that person or
organization would be
protected against liability
claims for bodily injury or
property damage as a result
of selling or distributing your
products.
5. During the first 90 days
after you acquire a new
business, it will be
automatically covered by the
business liability insurance
policy. You will need to
permanently update your
Stuart, FL business
liability insurance policy to
add this protection for the
new part of your business.
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