Is your business or workplace covered?
While many executives believe they are adequately covered by their current insurance program, recent claims activity has caused businesses to wonder if their workplace really is “covered”. With jury awards continuing to soar to all-time highs on the liability fronts, the need for a comprehensive coverage review is becoming even more obvious than ever before.
Chubb’s Middle Market Report displayed the same common perception (or misconception) across these lines of insurance:
So, you might be wondering, how is it that so many companies are uninsured or underinsured???
This is a result of the growing claims settlements, inflation/recession concerns, and cyber security challenges taking place across the United States… and let me tell you, no industry is excluded from having a target on their back. So, even if you think “Oh no, we have never had an issue with X, Y, or Z” that doesn’t mean that moving forward you won’t!
If a comprehensive coverage review is something that you think your business might benefit from – please do not hesitate to reach out to our team as we would love to help confirm your coverage & make any recommendations where we believe you might best benefit.
