You do not get insurance because it will make you money, you get insurance to help mitigate the risk of doing business. To make sure that you, your family, and your business are protected from outside forces. In today’s litigious world, it is now more important than ever to make sure that you are properly covered.
I will go over some lawsuits that have occurred, to give you an idea as to the type of world that we live in. And, give you a better understanding of why being insured can help get rid of these unknowns and add security to your life.
What would you do if you were sued for false and misleading advertising? That could really hurt your businesses image. Or perhaps having the person sue for over $10,000 in addition to the damaged image is scarier? This is the problem faced by Anheuser-Busch when they were sued by a man because beautiful women in a tropical setting did not appear when he was drinking his Beer. The court was wise to throw this case out before it went to trial.
What if you were sued because of simply because you fulfilled your sole purpose of your business? That happened to Universal Studios which was sued for a woman in 2000 because of the mental anguish which she felt after attending the Halloween Horror Nights attractions. Which for people that do not know, it is a Halloween tradition in which the theme park workers dress up to scare the customers. The customers know exactly why they are going to the park.
Do you remember the Columbine shooting? In 2001 there was a class action lawsuit brought against video game makers for, “their role in the killing”. The families of the Columbine shooting victims believed that it was partially the video game makers fault that their family members were killed by the shooters. Although a very sad and terrible tragedy, some people saw it as a payday. This ended up costing the families big because they had to repay the game makers for their legal fees.
As you can see, we live in a society that is very eager to sue for something to which they believe that they can reap profits. Some seek retribution for a tragedy and others seek payments because they company did exactly what they said they would do.
That is why it is so important to make sure that you are properly insured and so that you and your business will be safe from people looking to get paid for anything. If you are not sure if you are completely covered then contact an insurance agent today.
The team at ConXis Insurance Services Inc. would be glad to go over your coverage and to make sure that you are protected. We have the ability to shop multiple carriers to make sure that you get the lowest available rate with the best coverage. You can trust us with your business at ConXis Insurance. Give us a call today at (714) 576-0760.