It’s time for some straight talk about insurance, your company’s actual needs, and the threats that can cost you $100,000 in legal expenses.
We live in a litigious world. Too often trial lawyers don’t care if your company did nothing wrong. Professional litigators take a shotgun blast approach to cases and file claims against everyone—even parties that had nothing to do with the alleged error.
Not long ago, a medical client was sued — not because the company committed any wrongdoing — but because the company’s product was in the operating theater when an alleged error occurred.
It took $145,000 in legal fees and 18 months of litigation to remove my client from this frivolous case.
Luckily, this client had the right coverage. This client let the professionals at Program Insurance design an E&O policy that covered all the bases. This client survived a bogus claim. But how many of you could withstand 18 months of litigation and a legal bill over $100,000?
Don’t fall victim to a cookie-cutter E&O policy. Take the time to see what can’t be seen; let our experts uncover just what your policy provides.
Program Insurance specializes in your industry so we know how to ensure you have the right coverage for your business. If you would like to see how Program Insurance could help you improve the sustainability of your practice, let us know.
Your Squared Away Tip of the Day: Is Your Business Exposed to Costly Litigation?
Why take that chance with your business? Why put all you have created at risk?
I know that most people have an aversion to spending money. I am no different. Many business owners think that their standard policy covers all their potential exposures. That’s just not the case. Your plan may contain gaping holes that can open you and your company to a huge lawsuit.
Let’s have a conversation about how Program Insurance can protect your company, assets and reputation. Let’s work together to create an all-encompassing plan that really works for you.