Legal Definition of Coverage: The items or occurrences that an insurance company will pay for if a claim is made; the amount of money that is paid for a loss | Get a clear understanding of the legal definition of coverage in insurance. Learn what items or occurrences insurance companies cover and the amount they will pay for claims. Discover the importance of coverage for business owners and how it provides financial protection. Find authoritative advice on assessing your specific coverage needs and why it’s essential to review and adjust your coverage as your business evolves. Safeguard your business and its future with the right coverage