This Week I talked with James Schmitz from Laraway Financial for our Money Monday segment.  The topic this week is "Managing Risk with Insurance".  James discussed both the personal and business aspects of insurance.  Listen to the conversation below.

MANAGING RISK WITH INSURANCE

1)    PERSONAL LINES

  1. HOME/RENTERS
  2. AUTO
  3. LIFE
  4. LTCI
  5. IDENTITY THEFT
  6. UMBRELLA

2)    BUSINESS LINES

  1. GENERAL LIABILITY
  2. PROPERTY
  3. AUTO
  4. WORKERS COMP
  5. PROFESSIONAL LIABILITY, I.E. ERRORS AND OMISSIONS
  6. KEY MAN LIFE INSURANCE
  7. BOP---SPECIALTY, I.E. LIQUOR LIABILITY
  8. DATA BREACH, I.E.  TARGET CORP.  --$10MM SETTLEMENT