Most drivers do what they need to in order to operate a vehicle in a very safe manner. You do what you can to keep your property safe. This applies to both a business and an individual. Nevertheless, accidents occur. Sometimes, you know the accident is one you caused. In other cases, you are confident you did not do so.
The good news is that your general liability insurance can help. It can also help with covering the cost of investigating the claim.
The Defense Component
Most general liability insurance plans provide coverage for defending against a claim. That is, if the insurance company believes you did not cause the incident, it will help defend you in court. It also defends you to reduce the financial responsibility involved if you have to pay after all. However, when there is evidence that the incident is not your fault, it might also help with the investigation costs.
Investigating can be expensive. It involves steps such as speaking to professionals. It may involve paying fees to access camera information and data. It may involve software that recreates what occurs. There may be the need to speak to witnesses. In certain situations, there is a strong need to find evidence to prove your innocence in this manner. General liability insurance becomes very helpful at this point.
The insurer benefits from defending and investigating your claim. Ultimately, this will help the insurer to pay less out-of-pocket for the loss. That is why your insurer will provide a defense attorney for you. Still, there are a few things you need to know.
- Your general liability insurance only applies for covered perils.
- The incident must involve the covered property or individuals.
- There are limitations. Every policy has a maximum amount it will pay out for all costs.
- The insurer may wish to avoid court by paying a settlement outright instead.
- It is generally up to the insurance company to determine if defense is necessary.
The goal here is to minimize your financial obligation. You did not do anything wrong. You did not make a mistake. You want help in a court of law to fight these claims. That is possible with the help of your insurance policy. Speak to your coverage provider. Ask about the amount and type of general liability insurance you have. Updated it as needed. For more information on Shreveport general liability coverage, talk to one of our agents today.