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What is Equipment Breakdown Insurance? Equipment breakdown, mechanical breakdown and boiler and machinery coverage are all terms used to describe the same type of coverage which is intended to protect a manufacturing company’s machinery and equipment from sudden and accidental breakdowns causing that machinery, equipment or other systems to cease to operate. In this article, … Read More
I’ve heard some startups question whether they need business insurance because they have an LLC. The thinking is that an LLC or a Corporation is going to protect and separate the assets of the business from the assets of the owners of that business, so what’s the sense of paying for business insurance if the … Read More
Road-Show Coverage in a D&O Policy. What is it and who needs it? A lot of startup founders begin their business journey with an eye to the future of a potential public offering. An IPO is a big deal which can lead to potentially significant financial rewards, but it has its downside risks as well. … Read More
You’re importing goods from overseas and you’re not sure what type of business insurance you may need. There’s a lot of moving parts in this type of business and sometimes the lines of what is covered by others and what’s not gets blurred, so in this article I’m going to explain what importers need to … Read More
Do you need an insurance broker to buy a business insurance policy? The answer to that question is no. There are a lot of ways you can purchase business insurance, you can go online and purchase directly from an insurer or an insur-tech – which is like a traditional insurer but they rely heavily on … Read More
As a business owner you may have seen your business insurance rate go up this year, or may have been shocked to see your premiums escalate beyond what you think are reasonable. I’m recording this at the end of 2023 and I can say it’s been a rough year for business owners when we talk … Read More
Non-Profit D&O Insurance or Directors & Officers Liability Insurance. What is it, why do you need it, what does it protect and how do you get it? I’m going to answer those questions and more in a moment. Let’s start off with understanding what D&O insurance coverage is all about and what it’s intended to … Read More
Manufacturers E&O or Errors & Omissions Insurance – what is it, who needs it, why do manufacturing companies need it. I’m going to answer these questions and more in this article. So when we think of E&O or Errors & Omissions insurance we tend to think of occupations or professions that provide advice to their … Read More
Business income or business interruption insurance can be a confusing insurance coverage for manufacturers. Small manufacturing companies often are insured on a business owners or BOP type policy form which offers business income coverage on an actual loss sustained basis for up to 12 months – meaning that if the company suffers a loss that … Read More
Due diligence. It’s not a term you hear a lot about when it comes to buying business insurance. And for manufacturers the whole process of buying insurance can be a difficult and time consuming process. What is the due diligence approach to business insurance? How can manufacturer’s benefit from this approach? I’m going to answer … Read More
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