Extended Risk

Excess business liability protection


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Costs of a legal battle can bring down a business unable to defend itself.


Protect against your legal exposure

As carefully as you run your business, circumstances may arise that could lead to a disastrous lawsuit. Your CIG Extended Business Risk Insurance policy will provide you with the excess liability protection you need to allow you to defend yourself without fear of a financial catastrophe.

In today’s litigious environment, few successful businesses can afford to be without this safety net. You may face a host of liability exposures brought on by your business relationships with third-parties, contracts, issues relating to your products or facilities, vehicular liabilities and lawsuits by employees, customers, or competitors.

A CIG Extended Business Risk policy transfers the risk to your insurer. You will be covered for physical and economic loss and the cost of legal penalties should a case go against you. Connect with your CIG Insurance Advisor for additional assistance to custom fit the coverage amount to your potential exposure.

CIG Extended Business Risk Insurance provides options for:

  • Multi-Peril
  • Excess Liability
  • Commercial Umbrella
  • Accidents & Travel Protection


Coverage descriptions are for illustrative purposes and are intended solely to provide a general overview of potential coverage. Information included does not represent a contract or any other obligation. Only an insurance policy can define actual terms, conditions, rates and exclusions. Please consult your local agent for complete details.

Availability: CIG Extended Business Risk coverage is currently available with CIG Commercial and CIG AgBusiness policies in Arizona, California, Nevada, Oregon and Washington. Types of policies may vary from state to state.


Connect with your CIG Insurance Advisor today!

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Top Business Risks

According to Forbes magazine, here are six very real risks that every business should consider:

Credit Risk.
The pain of the credit crunch persists.

Legal Risk.
Being sued for compromised data, faulty products or hazardous working conditions is a real possibility.

Regulatory Risk.
Making products and delivering services while covering costs is hard enough. Anticipating how governments might change the rules of the game — and are they ever changing them now — is virtually impossible. But you have to try.

Operational Hiccups.
These in-the-trenches risks include inventory gluts and shortages, poor quality, unattractive product mix, ballooning overhead, culture clashes, overaggressive expansion, data breaches and fraud.

Concentration Risk.
Many small businesses double down on a few big customers — a dangerous strategy in a bad economy.

You.
Entrepreneurs are eternal optimists. This keeps their energy and enthusiasm up, but it also can cloud their vision.


Minimize your risks

Bankrate.com offers seven ways for small businesses to manage risks:

  • Be cash-conscious.
  • Insure against your specific risks.
  • If your business changes, your insurance should, too.
  • Insure key people.
  • Use contractual indemnification clauses.
  • Give yourself an out.
  • Create separate entities.

To read the complete article go to "7 ways to minimize small-business risks."