10 Spooky Exclusions Lurking in Your Business Insurance Policies
The phone rings. It’s your Human Resources Director calling to inform you that 12 employees have filed a lawsuit against the company for “Wage and Hour” mishandling under the Fair Labor Standards Act. You immediately call your insurance agent and find out that your insurance policy doesn’t cover this claim. As a result, you spend $125,000 of your own money defending and settling the case. You could have purchased this additional coverage for $800 (annualized).