Additional Legal Liability: For Just About Everyone!
Your neighbour hurts himself while on your property and has decided to sue? Your home insurance policy protects you for up to one million dollars. But…
…But is it enough to shield you from the possibility of being sued? One thing we can all agree on is that the amounts in question keep increasing, especially in the United-States.
But even without leaving home, you are at risk for being sued if you are a member of a board of directors.
What would happen if you get sued for five million dollars and you lose? Your insurer would pay the first million, and the rest would come from your savings, your house…
Now, without sounding like prophets of doom, it's safe to say that prevention is the best medicine. For around $150 per year in most cases, you could have extra coverage and have peace of mind.
To learn more about Additional Legal Liability, contact your insurance broker.