If you are a business owner, you are at risk for a defamation lawsuit. The term defamation refers to either a written or spoken false statement issued by an individual about another that leads to some form of distress. In this case, the distress is to a company as opposed to a person. Occasionally, a standard business owner policy will cover defamation charges. However, it is incredibly important to double check. Here are a few things to keep in mind when looking to purchase liability coverage that will suit your needs:

• How much do you need? Total the amount of your annual sales, and purchase a policy that covers at least that much.
• How many risks do you face? Some businesses like construction present more risks than others. Consider this when buying your policy.
• Make sure you know how many limits come with your policy. There is always the chance that you risk more than one lawsuit each year.
• Coverage is not as expensive as you may think. If you need extra coverage, it may actually save you money in what you pay per year.

For any additional questions about insurance, please don’t hesitate to contact Martplan Insurance Agency Inc., located in La Habra and Murrieta! The experienced insurance professionals at Martplan Insurance Agency are qualified to help you find the policies that are right for you and your lifestyle.