Insurance News
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Proud Sponsor of the 2019 La Mesa Oktoberfest
August 26, 2019
At Teague Insurance, we enjoy giving back to our community. Once again, we are a sponsor of the La Mesa Oktoberfest. Located on La Mesa Boulevard and right around the corner from our office, we can’t wait to be a part of the excitement. This year’s celebration takes place October 4-6. To learn more about […]
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What is Environmental Liability Insurance?
August 20, 2019
Standard business general liability (GL) policies provide little coverage for pollution damage, including toxic spills like the one in West Virginia in 2014. Today most companies that store or handle potentially toxic materials purchase a separate environmental liability policy. These policies cover the exposure that the GL policy excludes. Property owners purchase environmental impairment liability […]
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Who Needs Product Liability Insurance?
August 6, 2019
If you manufacture, sell or distribute any kind of product, you probably need some kind of protection from product liability claims. What Does Product Liability Insurance Cover? Product liability insurance protects the manufacturer, distributor or seller of a product from legal liability resulting from a defective condition that caused personal injury or damage associated with […]
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Why Did I Get a “Reservation of Rights” Letter?
July 24, 2019
Your organization has just been sued, and you’ve notified your liability insurer. Then you receive a reservation of rights letter. Here’s what it means and what to do. Practical Risk Management defines a reservation of rights as “an insurer’s notification to an insured that coverage for a claim may not apply. This allows for an […]