Legal defense inside your liability policies

When business owners purchase liability policies they often overlook one of the greatest benefits under the policy and that is legal defense cost. Policies state that the insurer agrees to defend the named insured against all claims brought against the named insured under the policy terms no matter whether such claims are false fraudulent or groundless. That's right the policy pays for defense and today that cost can be out-of-sight.
One client was named in litigation even though the client only had machinery on the job site and had no employees there.The cost to finally receive an instructed verdict whereby our client was dismissed from the law suit was $45,000. Thank heaven the General Liability policy paid for the legal fees. Another big plus is that insurance companies employ the best lawyers in the business.
So think about the defense cost aspect when analyzing the policy cost.