#risk-management
Strategies for identifying and mitigating business risks including insurance
A certificate of insurance confers no rights — only the endorsement does. What additional insured status covers, the CG 20 10/20 37 forms, and what it costs.
The US Federal Bonding Program issues free $5,000–$25,000 fidelity bonds covering an at-risk hire's first six months — no premium, no deductible.
About 70% of a business owner's wealth sits in the business; measure the ratio, then diversify with staged sales, Section 1202 QSBS, and outside accounts.
40% of business email compromise now uses AI deepfakes. Out-of-band callbacks, dual approval, and locked vendor records stop voice-clone wire fraud.
Because you authorized the wire, US banks rarely refund APP fraud — $8.3B lost in 2024. Out-of-band vendor verification and dual approval stop it.
An 80% coinsurance clause pays $36,750 on a $50,000 loss when you carry $600,000 on a $1,000,000 building. Here is the math, and four ways to avoid it.
An ERISA fidelity bond protects the plan from theft, not you. Fiduciary liability insurance covers 401(k) breach-of-duty claims for $500–$2,500 a year.
A US contractor license bond protects the public and costs 1–3% a year; a bid bond protects one project owner and will never satisfy a state licensing board.
A mutual NDA binds both sides — and the residuals clause, the marking rules, and two separate clocks decide whether yours survives a dispute.
Tech E&O insurance pays your legal defense and damages when buggy code, bad advice, or missed deadlines cost a client money — solo policies run $60–$110/month.
A domestic asset protection trust shields personal assets from future lawsuits, but only if you fund it while solvent, years before any claim arises.
Ohio, North Dakota, Washington, and Wyoming bar private workers' comp, and the state fund sells Part One only — stop-gap coverage closes the liability hole.
