Update: I am being sued!

[ErinGoBragh]

Ahh, okay. I apologize, my line of thinking was incorrect.

 

[ErinGoBragh]

Can you buy liability insurance after the fact of what you're being sued for, but before the actual complaint is filed and be protected for the complaint?

No. Good luck finding a company in the world who would do this without you defrauding them.

 

[Zigner]

Can you buy liability insurance after the fact of what you're being sued for, but before the actual complaint is filed and be protected for the complaint?

Can you buy auto insurance today to cover you for an accident you had last week but haven't been sued for? I didn't think so.

 

[moburkes]

Can you buy liability insurance after the fact of what you're being sued for, but before the actual complaint is filed and be protected for the complaint?

Sure you can. However, it will specifically exclude incidents that occurred prior to the effective date of the policy. If it didn't work that way, none of us would buy insurance until we were sued. Plus, how much premium are you expecting the insurance company to charge based on the fact that there is an outstanding claim for $275k (if my memory is correct)? I'd charge about $325k for that policy.