The Hidden Gaps: What Your Business Insurance Doesn’t Cover

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📝 Episode Description / Show Notes:
In this episode, we dive into the commonly overlooked exclusions in business insurance policies that can leave you vulnerable. Learn what your general liability or commercial policies don't protect you from — and how to close those dangerous coverage gaps before it’s too late. 
🔍 What You’ll Learn: 
  • Why assuming you're fully covered could cost you your entire business
  • Common types of business insurance (General Liability, BOP, CPP, E&O, etc.)
  • The role of exclusions in your policy and why you must read them
  • Gaps in coverage for:
    • Flooding, earthquakes, and landslides
    • Commercial vehicles and employee-owned vehicle use
    • Equipment breakdown (pizza ovens, boilers, machinery)
    • Unowned property
    • Intentional or expected damage
    • Contractual liability (assuming another party’s risk)
    • Workers’ compensation and EPLI (Employment Practices Liability Insurance)
    • Pollution-related incidents, even small spills
    • Aircraft, watercraft, docks, piers, and wharves
    • Building materials, inventory, and product damage
    • Product recalls and redo work
    • Copyright infringement and advertising injury
    • Cyber liability and loss of electronic data
    • Loss of customer data, securities, trademarks, and money
    • Agricultural property (crops, livestock)
    • Walkways or roads around your building
💡 Key Takeaways:
  • Most exclusions are not about saving money — they’re usually accidental omissions
  • Coverage can often be added back easily and affordably through endorsements
  • Customizing your policy ensures you’re not relying on generic business templates
  • Skimming your policy's exclusions page can save your business from major risks
  • Business Interruption Insurance (BII) can protect your income during downtime
  • EPLI is essential for legal protection from employee-related lawsuits
📌 Action Steps:
  • Review your insurance policy, especially the exclusions section
  • Talk to your insurance agent about gaps and endorsements
  • Evaluate what coverage your specific business truly needs
  • Don’t wait until a loss happens — act proactively
The Hidden Gaps: What Your Business Insurance Doesn’t Cover
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