| Policy | Covers | Required When |
|---|---|---|
| General liability | Third-party injury & property damage claims | Landlords and client contracts require it |
| Workers' compensation | Employee injuries on the job | Legally required with employees in most states |
| Professional (E&O) | Mistakes and negligence in your services | Client contracts or licensed professions |
| Cyber | Breach response, recovery, liability | Any business holding customer data |
| Commercial property | Building, equipment, inventory | Businesses with physical assets |
A ten-person engineering firm lost its founder to a sudden heart attack at 51. He was the only person who knew how half the firm's client systems were configured, the relationship owner for its three largest accounts, and the name on the company's bank credit line. Within eight months the firm had lost two…
Read MoreThe average small-business cyberattack now costs tens of thousands of dollars — and the hackers know that a 12-person accounting firm with weak email security is a far easier target than a bank with a security operations center. Cyber insurance was a niche product a decade ago; today it's one of the fastest-growing commercial…
Read MoreOne of the more consequential misunderstandings in retirement planning is assuming Medicare will cover long-term care if it's ever needed. It largely doesn't. Medicare covers limited, short-term skilled nursing care following a hospital stay — not the extended custodial care many people eventually need, whether at home, in assisted living, or in a nursing…
Read MoreOur dog ate something he absolutely should not have eaten on a Tuesday evening, and by Wednesday morning we were looking at a $3,400 emergency surgery estimate. We had pet insurance, thankfully, and it covered most of it after our deductible. That single incident more than paid for years of premiums in one afternoon…
Read MoreA single lawsuit can end a small business that was otherwise perfectly healthy — not because the business did anything egregiously wrong, but because even a successful legal defense against a baseless claim costs real money in attorney fees, and an unsuccessful one can cost dramatically more. Business liability insurance exists to absorb that…
Read MoreAsk a room full of working adults whether they have life insurance, and a good number will say yes. Ask the same room whether they have disability insurance, and the number drops sharply — often to almost nobody outside of what an employer might provide automatically. This is backwards from how the actual risk…
Read MoreEvery liability coverage you already carry — your auto policy, your homeowners or renters policy — comes with a limit. Most of the time, that limit is more than enough. But a serious accident with catastrophic injuries, or a lawsuit following an incident at your home, can generate a judgment well beyond what a…
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