In NE Arkansas, the agents of GTW Insurance can help business owners protect their companies from financial loss if a person files a lawsuit due to a defective product, slip and fall accident, or any other type of event in which their life has been dramatically affected. Commercial liability insurance will often pay for a complete investigation, the cost of attorney representation as well as payouts or settlement amounts. Each occurrence is considered an individual event and treated apart from other cases, even though they may have happened at the same time or in the same area.
There are instances in which a commercial liability policy will not pay out after a lawsuit. If the company is proven to be negligent, other sources of payment may have to be considered. Worker’s Compensation claims are covered by Worker’s Compensation insurance that is required by most states. If an event is considered to be an “intentional act,” the insurance company may not cover any cost to the company. There are several types of commercial insurance policies that can be included with a traditional liability policy to protect a company from losses associated with a lawsuit, but they are considered separate and must be added accordingly.
The agents of GTW Insurance serve business owners throughout NE Arkansas. The licensed agents can answer questions, evaluate commercial policies that are already in place, and write new policies that bring the business up to date regarding amounts and types of coverage. Having the right combination of commercial insurance will protect a business no matter what type of event occurs, including lawsuits and other types of legal action.