The Hammer Clause: When Being Right Can Cost You Most business owners assume their insurance company will defend them when a claim arises. But a clause buried in their policy could leave them paying significant legal costs, even when they’ve done nothing wrong. It’s called The Hammer Clause. Common in professional liability, directors and officers (D&O), and errors and omissions
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Insurance is meant to transfer risk from your corporate balance sheet to the insurer. That only works if you set up your insurance policy accurately. How do you know if your insurance is set up accurately. Most firms do not know if they are set up properly until a claim happens and they find out where they stand. There are
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Best in class firms pay less for their insurance than their peer group. Why? They look at things differently. A safer firm retains talent and with less turnover, you have happier customers and ultimately experts share stats that better run firms pay less for their risk and are more profitable. Below is a list of things you can to do
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