Jordan owns a bicycle shop that specializes in high-end road and trail bikes. One day, his friend Marc came into the shop to start a new hobby: road racing.
Unbeknownst to Jordan, Marc had no prior experience riding a bike. Jordan assisted Marc in selecting a suitable model and accompanied him outside to test the bike. Unfortunately, Marc lost balance and fell hard on his wrist, resulting in a fracture and damage to the bike. As a result of the severity of the injuries, a liability claim was initiated.
Thankfully, Jordan has a general liability policy that covers the accident and the damage to the bike. The policy paid for Marcs' medical expenses and replaced the damaged bike. Without insurance, Jordan would have been responsible for all the fees out of pocket, potentially causing a significant financial burden.
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For more information, contact the Victor Small Business team at info.smallbusiness@victorinsurance.com.
* The claims scenario is strictly documented for illustrative purposes only and provides an example of what a policy could cover. It is intended to provide a general overview of the program described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to individual underwriting criteria.
