Don’t Text Your Savings Away

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On Jan. 1, 2010, Illinois is joining more than 20 other states that have passed laws that prohibit texting while driving.

So why is this important to your business or estate plan? In two words: Asset Protection. If you or your employee should get into an accident while texting, a violation of this law could provide the basis for liability in a civil action, and the damages could exceed your insurance limits or the act of texting could negate your coverage. As a result, your business or estate could be at risk if you don’t act to prevent texting in your vehicles.

Please see full article below for more information.

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Published In: General Business Updates, Insurance Updates, Personal Injury Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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