1. $1,000,000
11/16/15
Umbrella
$2,000,000
11/16/15 - 22SBXBN9054
---$0000-----------$0000----------Included---------Included-------Included---------$0000----------$0000----------$0000--------Included-------Included---
$2,000,000
11/16/15
$1,000,000
11/16/15
General
Liability
Errors &
Omissions
Foreign
Liability
$2,000,000
11/16/15
$2,000,000
11/16/15
$1,000,000
11/16/15
Employee
Benefits
Liability
Directors
&
Officers
Auto
Liability
TOP 10 INSURANCE MISTAKES OF 2014
--------------------------------Included---------------------------------
$1,000,000
11/16/15
Workers
Comp
$500,000
11/16/15
Fiduciary
$1,000,000
11/16/15
Employ
Practices
3rd
Party
$48,300
$412,700
11/16/15
Property
Business
Income
Crime
22SBXBN9054
Building
Business Property
EDP Property
Hardware & Software
Improvements &
Betterments
Business Income &
Extra Expense
Crime
22SBXBN9054
Medical Costs
Lost Wages
Death Benefits
Employers Liability
22SBXBN9054
Bodily Injury
Property Damage
Advertising Injury
Personal Injury
Tenant Legal
Employee Benefits
22SBXBN9054
Non-Owned
Personal Vehicles
Rentals
Physical Damage
Liability
22SBXBN9054
Clerical Errors
Omissions
Benefits Admin
WS115271
Work Comp
DIC Auto
Worldwide GL
Property
DBA
Kidnap & Ransom
Repatriation
Worldwide Assist
H7125417819
Professional Liab
Tech Services
Financial Injury
Contract Breach
Security Breach
Virus Coverage
Identity Theft
Media Coverage
EKI36101
Personal Asset
Protection
Duty of Loyalty
Duty of Care
Mismanagement
Misrepresentation
of Financials
BOD, BOA, SAB
EKI30101
Discrimination
Wrongful Term
Harassment
EEOC – DOL
Third Party
Hiring & Firing
EKI30101
Breach of
Fiduciary Duty
Errors & Omissions
401k – ERISA
Personal Assets

2. TOP 10 INSURANCE MISTAKES OF 2014
• Failing to insure critical assets:
Buildings, Property
Business Income, Liability
Employees – Work Comp
Errors & Omissions
Directors & Officers
Intellectual Property (Patents)
Premises vs Products

3. TOP 10 INSURANCE MISTAKES OF 2014
• Forgetting to Notify Agent of Changes:
Address
New Equipment Loan
Building - Property Limits
Work Comp Payroll - Employees
Buying & Selling Vehicles – Drivers

4. TOP 10 INSURANCE MISTAKES OF 2014
• Insuring a Company Vehicle
On a Personal Policy (Bubba)
• CAP vs PAP
• Claim Denials!
• Removing Insurance w/o
Turning in Tags at DMV=$FINE
• Hired/Non-Owned Auto Liability

5. TOP 10 INSURANCE MISTAKES OF 2014
• Non-Compliance w Work Comp Law
• W-2’s vs 1099’s – Rule of 3
• Exclude Owners – INC, LLC, SP, JV, 501 C3
• $41,600 minimum - $83,200 maximum
• Operating in Another State

6. TOP 10 INSURANCE MISTAKES OF 2014
• Cancelling Policies Incorrectly
• Do NOT cancel for non-payment
• Use the Loss Policy Release (LPR)
• Avoid the Ding on Business Credit
• Be Aware of Short Rate Penalties &
Minimum Earned Premiums (25%)

7. TOP 10 INSURANCE MISTAKES OF 2014
• Overusing “Additional Insured”
On Certificates
• Remember You are Sharing Limits!
• Umbrella if Needed
• Certificates confer NO rights
• Get the Endorsement to the Policy!

8. TOP 10 INSURANCE MISTAKES OF 2014
• PROFESSIONAL LIABILITY = E&O
• Not Obtaining E&O Policy
• E&O Not Covered by Gen Liability
• Financial Injury vs Bodily Injury
• Exclusions
• If Tech Business, need Security
Breach, Virus, Cyber and
Media Perils covered
• Policies are not “cookie cutter”

9. TOP 10 INSURANCE MISTAKES OF 2014
• Allowing Personal Lines Agent
To Construct Business Insurance
Program
• 3 Policies vs 15 !!

10. TOP 10 INSURANCE MISTAKES OF 2014
• Failing to notify your agent of a claim:
• Property, Liability, Auto, Work Comp
Could Result in Claim Denial
• Specified in Policy
• Watch out for Claims Made Policies
• Always be Proactive
• No Penalty for Occurrence Notice

11. TOP 10 INSURANCE MISTAKES OF 2014
• Using an Insurance Agent
Who Doesn’t Understand
YOUR Business
• Technology - Life Sciences
• Multiple Insurance Companies
• More Markets the Better!