Are you extending your liability for free?
from By Bennett Cromer
Your neighbor purchases a new vehicle but is concerned about the cost to insure it. Knowing that you are getting a multi-auto discount, he asks if you will add it to your policy. Would you? Entering into contracts may place you in a situation similar to the one above. Service contracts for copiers or fax machines, lease contracts for company vehicles, and rental contracts for office space all have their own wording variations and can expose your business in many different ways.
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