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
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
What would happen if you, as a food manufacturer learned that the product you make has caused harm to someone, or a group of people? It could be a report of widespread illnesses, it could be a single products liability lawsuit for a contaminated product that caused an injury, it could be a fatality. In … Read More
The other day an HR consultant asked me when should a client file a potential EPLI claim. EPLI policy is short for employment practices liability insurance and the claim in question had to do with some type of lawsuit or threat of lawsuit from an employee. So back to the question of when you should … Read More
Trade Credit insurance, export insurance, and accounts receivable insurance are all terms that broadly fall into a bucket we call credit insurance. In this article, I’m going to give a quick overview of what this insurance is, what it does, who it’s for and how to buy it. The crux of all the different types … Read More
Welcome to entrepreneurship. If you’ve been here before you know the highs and the lows as well as the risks and rewards. As a startup founder, there’s a lot of excitement about what you’re setting off to do with your firm, but there’s also a lot of unique risks and challenges ahead. That’s why understanding … Read More
Reps & Warranty Insurance, What is it? Who needs it? How R&W Insurance De-risk M&A Deals Risk, it’s an issue that both buyers and sellers of companies face through a merger and acquisition deal and for years thereafter, well after the ink is dry on the contract of sale. Both parties attempt to hedge their … Read More
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