When Investors Are Taken On (Directors and Officers Liability Insurance)

Insurance Considerations for Axe Throwing Venues Some types of insurance are required by law or by contract, while many others are important simply because they protect a company from financial distress. Insurance reduces potential liabilities and increases enterprise value, which allows a company to continue to grow and thrive. Below is a common scenario your company […]

How is the Cost (Premium) Derived?

General Liability Insurance companies have to charge you somehow. The cleanest and most logical way to charge you is based off of your anticipated gross revenue over a yearly period to coincide with your policy period. An axe throwing venue bringing in a million dollars in sales over a year period has a much higher […]

What is an Audit?

General Liability As noted under the section How is the Cost (Premium) Derived, the policy premium is based off of a projection for your upcoming policy period year. For example if your policy starts on April 1, 2018 and expires on April 1, 2019, you need to project what your revenue will be for each of […]

Does my standard general liability policy cover my mobile operation?

In short, most likely not. It is extremely important to clarify with your insurance company or read your policy for a specific exclusion limiting coverage. Please do not hesitate to reach out to me if you are unsure. There are only a few insurance companies that will insure mobile operations. I am the leading expert […]

Does my General Liability policy cover alcohol sales or BYOB?

You can obtain coverage for liquor liability (selling alcohol) and relatively inexpensive in my opinion as well as coverage for BYOB. It is extremely important to ensure your general liability policy does not have an exclusion for BYOB as many of them do. Please do not hesitate to reach out for free consultation.

Why An Occurrence Basis is Better Than a Claims-made Basis on General Liability Policy

General Liability policies can be written on either an occurrence basis or a claims-made basis. Below, we will explain why an occurrence policy is considered preferable to a claims-made policy. Ramifications of a Claims-Made Policy Form General Liability policies can be written on either an occurrence basis or a claims-made basis. It is very important […]