Who is covered by a business liability insurance policy?
1. If your business is a corporation, your liability insurance policy will cover all executive officers,
stockholders and directors while they are acting in their official capacities.
2. If you have subsidiaries, your policy's liability insurance coverage extends to any subsidiary
where you own at least 50% of the stock. Your policy protects your employees from claims that
result from actions they take in their capacity as employees.
3. If you have a joint venture or partnership, all partners, members, and their spouses are
protected if they are sued for something they do in an official capacity related to the business.
4. If you have a written agreement to indemnify a person or organization, such as a vendor, that
person or organization would be protected against liability claims for bodily injury or property
damage as a result of selling or distributing your products.
5. During the first 90 days after you acquire a new business, it will be automatically covered by
the business liability insurance policy. You will need to permanently update your Maryland
business liability insurance policy to add this protection for the new part of your business.