Your lease agreement will outline who is responsible for restoring the building, improvements and betterments. If responsibility lies with the insured, Fire Legal Liability coverage will pay for restoring the leased space, up to the policy coverage limits. It is vitally important to have adequate coverage limits as part of your policy. Health, Dental, Long Term Disability, and Life Insurance coverage purchased in the name of the company, and offered to employees as a benefit. Covers judgments and legal defense costs if a competitor sues you for copyright, trademark, or patent infringement.
Suits are typically for damage to reputation and lost business.
Suits could also be for discriminatory acts against customers. This is typically lower than the cost to replace lost property with like and kind quality property. Replacement Cost coverage is especially important when covering a firm's media and computers since technology is constantly changing as are costs. If your firm has international customers, this should be a vital endorsement on your General Liability policy.