#7 of Top Ten Mistakes Businesses Make Regarding Insurance

Oh, the following, over on JDSupra, by Michael R. Kelley, McNees, Wallace, & Nurick, LLC, just cannot be overstated!

7. Assuming That a Broker Will Make Sure That the Business Is Properly Insured

Except in special circumstances, the law says that it is the business owner’s responsibility to make sure the business has the types of coverages that it needs, not the insurance broker. While good brokers will, of course, endeavor to make sure that you are properly covered [emphasis added], it is the business owner’s responsibility to educate the broker about the business and to alert the broker to changes that occur from time to time.

Source: Top Ten Mistakes Businesses Make Regarding Insurance | McNees Wallace & Nurick LLC – JDSupra

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