COMMERCIAL LINES POLICY FOR
YOUR BUSINESS
With regard to the BOP, CGL, or other
commercial lines policies which need to be
tailored to provide for the unique liability
and property coverages needed for your
business, your insurance professional should
be heavily relied upon for recommendations.
By your insurance professional understanding the
complexity of your business requirements and
exposures, he or she can provide the needed and
desired coverages for work vehicles, inventory,
tools, trailers, workers compensation needs,
etc. It is paramount for you to spend time with
your insurance agent or professional to equip
him or her to truly understand your business.
2
Given the added complexity and cost of
most commercial lines policies, your insurance
professional should also include (a minimum of)
an annual checkup to make any needed additions,
deletions, or adjustments in the level and types of
coverages your business requires - and to meet
more frequently if there is a material change in
ownership or business exposures.
Lastly, together with your attorney and accountant,
your insurance agent should be relied upon to
properly protect your personal assets and business
protection needs from unexpected loss events to
allow you to keep focused on profitably running
and growing your business. If done properly, in
the event of a loss occurs, the claim process and
any negotiation should go smoothly and fairly,
with no major unforeseen surprises. While
we have an open court system to seek redress
when it does not, the goal should always be to
avoid litigation, which by its nature can be more
expensive and time consuming than originally
anticipated, and necessarily diverts your attention
away from profitable business ownership.
2 In addition to a BOP or CGL Policy, your agent may also recommend separate policies for Business Auto
Coverage and a Commercial Umbrella Policy.
RBE Volunteers for the Ask A Lawyer Program
O
n Tuesday, April 11, RBE attorneys, John
Egloff, Sarah MacGill Marr, Stephanie
Chaudhary, Katie Cannon, Donald Smith,
and Justin Sorrell volunteered for the
Indianapolis Bar Association’s biannual
Ask a Lawyer event. RBE attorneys staffed
one of several locations throughout the city
where individuals could call and be provided
with free legal advice.
RBELAW.com
11