A personal umbrella policy is designed to give added liability protection above and beyond the limits on homeowners, auto, and other personal lines insurance policies. This protection is designed to “kick-in” when the liability limits on other current policies have been exhausted. When it comes to your personal liability you need to think in terms of your dog getting loose and … Read More
Purchasing a Professional Liability Extended Reporting Period
An existing client recently contacted me and advised that they would be selling all shares of their business to a new individual, as a result of this possible change I advised them of their duties to consider the purchase of the professional liability Extended Reporting Period. The first thing you need to understand is that most professional liability policies are … Read More
What Does Liability Only Car Insurance Cover?
I recently fielded a question from a client asking the question what does liability only car insurance cover. When you have a ‘liability only’ personal auto insurance policy it means your policy will respond only if you cause bodily injury or property damage to other individuals. If the liability limits on your auto policy are $100,000 of bodily injury per … Read More
Know the Fine Print of Your Earthquake Insurance Policy
Do you know the fine print of your earthquake insurance policy? If your like most consumers of insurance you’ve probably never laid eyes on and read your policy. The reason for this is we assume the insurance company will take care of us at the time of a loss not just because their marketing says so but because the formula … Read More
Marijuana Product Liability Insurance
There is no standardization with insurance coverage that is made available to protect marijuana-related businesses. Included within a marijuana liability insurance policy there are 5 different limits of liability with one additional key liability insurance not included that needs to be purchased separately. The 5 limits of liability that included within a marijuana business insurance policy are: General Aggregate Limit: This limit is the … Read More