Jim Venezia's "Why Buy Insurance and What Type Grid"

by James J Venezia, CPCU of James J Venezia, CPCU / Phoenix Insurance Group Inc. ( 28-Oct-2011 )

 

 

Why?

What?**

Required by Statute

Workers Compensation

Business Automobile

License or Permit Bond

ERISA Bond

Other Bonding

Required by:

Contract (outright); by Lease; or assumed in an Indemnification Agreement

Workers Compensation

Business Automobile

Bonding

General Liability

Professional Liability / Errors & Omissions

Privacy & Information Security

Pollution / Environment Impairment

Property

Flood

Patent, Trademark & Copy Right

To protect the personal assets of the business owners, managers and Directors & Officers for liability related to decision making and their position

Directors & Officers / Management Liability

Fiduciary Liability

Employment Practices Liability

Kidnap & Extortion

International

Market share and Reputation

Professional Liability / Errors & Omissions

Patent, Trademark & Copyright

Trade Secret

Specified Products

Product Recall

Crisis Management

Privacy & Information Security

Address employee Exposures

Fidelity / Employee Dishonesty

Employment Practices Liability

Workers Compensation

Protect Income Stream

Business Income / Interruption

Patent, Trademark & Copyright

Product Recall

General Risk Management*

*Cost/Benefit Analysis of All Insurance Lines

**With new insurance coverages becoming available, and Statutes subject to change, to address emerging risk this document serves only as a guide which must be supplemented with the advise of an insurance professional.

For information contact me at [email protected] or by my direct line 908.879.7224 or cell at 908.507.7126

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