This document discusses different types of insurance that a business should consider to cover its real risks while keeping premiums down. It recommends commercial general liability insurance, professional liability insurance, business property insurance, and business interruption insurance as key types of liability and property insurance. It provides tips on setting appropriate liability limits and property value limits. It also discusses other types of insurance like cyber risk insurance and legal expense insurance. The document suggests ways for businesses to cover their risks and save on premiums, such as making conservative estimates, finding the right insurance company, implementing risk mitigation strategies, and assuming more risk through increased deductibles. It encourages readers to always consult a licensed broker for professional advice tailored to their specific insurance needs.

1. bullfrogI N S U R A N C E
Are Your Real Risks Covered?
Risky Business

2. Preface
The materials that follow are for informational purposes only and
are not meant to be taken as comprehensive professional advice or
to be substituted for the guidance of a licensed insurance broker.
You should always consult with a licensed broker to discuss all
available suitable options for your business.
For further information or advice on your insurance needs visit
www.bullfrogInsurance.com

3. Topics
What insurance should you have & how much?
Tips to cover your real risks, while keeping
your premium down.
Additional risk management strategies that
also reduce insurance premiums.
QUESTIONS?

4. Types of Insurance - Liability
Commercial General Liability
• Liability for third party bodily injury & property
damage
Professional/Errors & Omissions Liability
• Liability arising out of your advice or an
error/omission in your professional services

5. Liability Limits
Commercial General Liability
• Increasing settlements
Professional Liability
• What is your max contract value?
• What is your real exposure in $$?
• Are your defense costs included or in addition to?

6. Types of Insurance - Property
Business Property
• Office contents, laptops, equipment
Business interruption
• Lost income and continuing expenses

7. Property Limits
Co-insurance
• There’s no point in under-insuring to save money
Home Insurance
• Check to see if you have existing coverage
Self Insure
• Compare the long term cost vs. the value of your
property

8. Other Insurance Types
Cyber Risk/Privacy Failure
Legal Expense
Intellectual Property Infringement/Copyright
Infringement

9. Cover Your Risks & Save
Make sure your operations are listed correctly
on the policy
Make conservative estimates
• Operations & Revenue
Find the right company
• Do they have the right package for you?
• Keep your coverage together

10. Other Risk Mitigation Strategies
Request proof of insurance from sub-contractors
• Benefits your premium
• Shows they have a certain level of professionalism
Documentation
• Use a standard contract & limit your liability
• Implement final customer sign-off
Assume more risk
• Increased deductibles

11. Q & A
QUESTIONS?