The point of having an insurance policy is so that when a loss occurs you can pick up the phone and go back to doing what you do best as soon as possible.
- The costliest claims come from
- Reputation claims ($50,000)
- Accident claims ($45,000)
- Product liability claims are well over $30,000
A lot of business owners try to get by on personal insurance coverages and think they are covered, but a loss investigation can uncover improper uses of insurance or huge gaps making you vulnerable to significant losses.
Almost half of businesses will sustain a loss in the next 10 years; Knowing this would you drink any glass of water knowing that 4 in 10 are tainted and that your odds are about 40% of drinking from the wrong glass?