Yes, certain types of business insurance can provide coverage for lawsuits.
For example, general liability insurance can provide financial protection if your business is sued for causing injury to a person or damaging someone’s property. Additionally, professional liability insurance, also known as errors and omissions insurance, can provide coverage for lawsuits arising from errors or mistakes made by your business in providing services to customers.
However, it’s important to note that not all types of business insurance provide coverage for lawsuits, and the specific terms and conditions of a business insurance policy can vary depending on the insurer and the nature of the business.
It’s always a good idea to carefully review your policy and consult with your insurance provider to understand what types of coverage are included.
