Video Blog: Should I Have An Asset Protection Plan If I Have Exposure To Lawsuits?

Attorney Jeffrey P. Coleman answers whether or not an asset protection plan should be engaged when facing potential lawsuits.

Video Transcript:

An asset protection plan is critical if you expect exposure to lawsuits.

You could certainly purchase (at sometimes considerable expense) a liability insurance policy, but let’s say that you were able to purchase a million-dollar liability insurance policy: by engaging in asset protection you can protect those amounts if you do have a two-million-dollar claim.

Asset protection is a very important part if your business could be involved in litigation.