Are You Paying Too Much—or Missing Critical Coverage?
Many business owners assume their insurance coverage is “set”—until a claim reveals costly gaps or unnecessary overlap. With insurance premiums rising and policies becoming more complex, it’s easier than ever to be over-insured, under-protected, or both.
In this episode of The Legacy Lab, we explore the most common insurance mistakes businesses make, how those mistakes happen, and what business owners can do to make sure their coverage actually works when it matters most.
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Key Takeaways
- More coverage doesn’t always mean better protection. Many businesses are overpaying for outdated or duplicate insurance while still missing critical coverage.
- Uninsured risks are often hiding in plain sight. Cyber liability, flood exposure, and business interruption are common gaps that can have major financial consequences.
- Regular policy reviews save money and reduce risk. A simple annual review can eliminate unnecessary costs and ensure your coverage keeps pace with how your business actually operates today.
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