Jul 09 2024 29 mins
In the latest episode of The Insurance Lawyer, host Evan Schwartz sat down with guest Danielle Laughlin, CEO of Sage Business Counsel.
Danielle brings a unique perspective to business insurance, drawing upon her extensive experience as a litigator to champion proactive legal strategies that complement traditional insurance coverage. She firmly believes that by weaving legal foresight into the fabric of business insurance decisions, companies can not only minimize risk but also pave the way for long-term prosperity, fostering a ripple effect of success for businesses and their stakeholders.
They illuminated the necessity for business owners, legal counsel, and insurance brokers to communicate effectively for comprehensive risk management. They also explored common pitfalls, including insufficient coverage, inaccuracies in applications, and non-compliance with contract requirements. The crux of their conversation was the vital role of taking insurance coverage seriously and seeking legal counsel to dodge potential risks.
Takeaway:
By developing a proactive legal strategy that focuses on risk mitigation alongside securing appropriate insurance coverage, small businesses can achieve greater peace of mind, potentially reduce insurance costs, and foster a more sustainable future for their company and its employees.