When asked this common question: “how much liability insurance do I really need?” I respond with another question: “how much might you be sued for?” Everyone knows that protecting the asset base from the threat of lawsuits, however unlikely, is simply prudent risk management. Deciding how much protection is needed is a little trickier. I have yet to meet someone who was named in a lawsuit who was not immediately concerned with whether they had “enough” coverage.
Deciding “how much do I really need?” requires a close examination of a number of issues, which we can help you address. Among those issues: what is happening in the real world? This link offers a quick reminder that when it comes to what and how much you can be sued for, you never know….