Inactive Business Entity Still Needs Insurance

If a company's corporate status is legally and administratively shown as inactive, is there still a need for the company to have insurance? There is a difference of opinion here in our office. Some say the company is not out of business and is still subject to loss so it needs insurance. Others contend that since the company is officially inactive, there is nothing to insure. What is your opinion?

California Subscriber

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis