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Whether you're a one-person operation or have a firm of 20+ attorneys, our team of professional know the right coverage you should have on your Professional Liability policy. Get started with a thorough cost analysis and quote comparison today!
Starting Your Own Law Firm? 7 Risks to Consider When Leaving Big Law
Leaving an established law firm to start your own practice can be an exciting career move. You may already have clients who trust you, years of experience practicing law and a clear idea of the type of firm you want to build. What you may not have is […]
Read More about Starting Your Own Law Firm? 7 Risks to Consider When Leaving Big LawEp. 72 | Building a Business with a Flexible Mind with Natalia Ordonez
In this latest episode of The Bunker Talk, we sat down with Natalia Ordonez, founder of Be Part of the Journey, to discuss the evolution of her travel business during COVID, the importance of partnerships, and the essential qualities of flexibility and creativity in entrepreneurship. Episode Highlights: Listen […]
Read More about Ep. 72 | Building a Business with a Flexible Mind with Natalia OrdonezDoes a Certificate of Insurance Actually Protect Me?
If you regularly hire contractors, sign commercial leases, manage properties, or work under contracts, chances are you have requested or provided a certificate of insurance. Most businesses view certificates of insurance as routine paperwork. Unfortunately, many also misunderstand what these documents actually do. One of the most common […]
Read More about Does a Certificate of Insurance Actually Protect Me?Ep. 71 | Supporting the Sandwich Generation with M. Denise Simmons
In this latest episode, we sat down with M. Denise Simmons, owner of Wisdom Senior Care, to discuss her journey through the challenges of being part of the sandwich generation, caring for her mother with dementia, and how she transformed this experience into a mission to help other […]
Read More about Ep. 71 | Supporting the Sandwich Generation with M. Denise SimmonsWhy Didn’t I Get a Full Refund When I Canceled My Commercial Insurance?
One of the most common questions business owners ask after canceling an insurance policy is: “Why didn’t I receive a full refund?” In many cases, the answer is found in a policy provision called a Minimum Earned Premium. This provision is especially common in the Excess & Surplus […]
Read More about Why Didn’t I Get a Full Refund When I Canceled My Commercial Insurance?Ep. 70 | Optimizing your Linkedin for Success with Sheikh C. Ali
In this latest episode of The Bunker Talk, Ciara sits down with Sheikh C. Ali, founder and CEO of SC Medical Media, to break down how professionals, executives, and business owners can use LinkedIn to build authority, grow their network, and create real business opportunities. Episode Highlights: Listen […]
Read More about Ep. 70 | Optimizing your Linkedin for Success with Sheikh C. AliWhat Happens If My Subcontractor Doesn’t Have General Liability Insurance?
Contractors often rely on subcontractors to complete specialized work, manage busy schedules, and take on larger projects. But what happens when a subcontractor does not carry their own General Liability insurance? This can create more than a paperwork problem. It may expose your business to lawsuits, additional insurance […]
Read More about What Happens If My Subcontractor Doesn’t Have General Liability Insurance?Ep. 69 | Leveling up Your Systems with Alexis Mastrogianni
In this latest episode of The Bunker Talk, Ciara sits down with Alexis Mastrogianni, founder of Virtual Integrity Partners, to talk about what it really takes to scale a service-based business without becoming the bottleneck. Alexis is an operations strategist for service-based businesses doing $200K–$1.5M, helping entrepreneurs build […]
Read More about Ep. 69 | Leveling up Your Systems with Alexis MastrogianniWhy Did I Get a Bill After My General Liability Audit?
One of the most frustrating moments for a business owner is receiving an insurance audit statement that shows they owe additional premium. The first question is almost always the same: “I already paid my insurance. Why am I getting another bill?” It’s a fair question. The answer is […]
Read More about Why Did I Get a Bill After My General Liability Audit?Ep. 68 | Owning Your Credit with Colette Hauzeur
In this latest episode of The Bunker Talk, we sat down with Colette Hauzeur, founder of Better Credit Solutions and a seasoned credit counselor with more than two decades of experience, to discuss the truth about personal and business credit. Colette shares practical strategies for building financial stability, […]
Read More about Ep. 68 | Owning Your Credit with Colette HauzeurFrequently Asked Questions
What is E&O/Malpractice/Professional Liability?
A bond in layman's terms is a way to secure a debt.
It is a way of you the consumer, being able to put up a little cost upfront that says “I am letting you borrow this money so as to your agreement to pay the face value of the said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.
What does E&O cover?
A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.
What is Defense Outside of Limits coverage?
These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.
What is First Dollar Defense?
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.
What is the Fee Suit Exclusion?
These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.
Some examples are but not limited to:
- Contractors License Bonds
- Tax Bond
- Environmental Bonds
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- ERISA Bonds
What is Mutual Choice of Counsel?
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What is Disciplinary Proceeding Defense?
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