- Before anything, assure that you have a competent and qualified insurance agent who is more than an “order-taker.” Sometimes, the insurance agent can be even more important than the insurer.
- Where necessary, consult with or retain outside experts to advise on the integrity of the business insurance program and to provide options to you. Insurance coverage counsel can be of assistance.
- All policies differ – some significantly – from each other. Don’t look at insurance as a commodity.
- Use checklists when evaluating competing proposals.
- Look carefully at D & O policies to see how the board is protected.
