Most business owners and executives know the basics of liability insurance coverage, such as giving timely notice of a claim. But insurance law can be a complex maze of twisted policy language and myriad regulations. Here are 20 common—and a few not so common—questions companies may want to discuss with their insurance coverage counsel when faced with potential liability for a business tort or related dispute. The answers, of course, will depend on the particular policy language and will vary from jurisdiction to jurisdiction, but knowing what questions to ask up front will make a business a more informed policyholder.
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