March, 2020

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Protect Yourself With Fiduciary Liability Coverage

Fiduciary Liability

The incidences of fiduciary-related litigation are increasing. If you or your company act as fiduciaries, the chances are growing that at some point, you may have to deal with legal issues related to a claim of mismanagement. Fiduciary liability insurance covers all costs related to legal defense against claims of fiduciary duty breaches, poor management, and errors, as seen on

Who Needs a Fiduciary Policy?

Although this type of insurance coverage is not required by federal law, it can save you and your company from financial ruin should a lawsuit be filed against you for your role as a fiduciary. This type of protection benefits all sizes of corporations acting as fiduciaries.

  • Companies offering medical, dental, vision, and health insurance to employees
  • Companies providing 401(k) or 403(b) retirement plans
  • Companies offering stock option plans

Even honest mistakes made in any of these situations could be the basis of lawsuits.

Finding the Right Fiduciary Insurance

Every company has individual needs and particular circumstances in which it operates. Therefore, when looking for a policy to cover fiduciary claims, look for an experienced insurance company that provides tailored policies. By talking with knowledgeable agents about your situation and learning more about coverage options, you are in a better position to make an informed decision about the best insurance for you.

With the right fiduciary claim policy in place, you can return your focus to doing great things for your clients.

Protect Your Assets With Commercial Hemp Insurance

Commercial Hemp

There are a lot of risks involved when growing any crop, whether it be natural disasters, disease or pests. While there are many private insurance options and federal safeguards in place for most commercially farmed plants, insuring commercial hemp crops has been difficult, if not impossible, until recently.

Available Coverage

Today, more insurance companies are offering commercial crop coverage designed specifically for the hemp and even the cannabis industry. The policies can provide broad coverage for all stages of crop production. An example of this type of policy, as seen on, is Commercial Crops Living Plants. This insurance coverage is for indoor cultivation operations and is available as part of a package policy. It can include the following coverage options:

  • Seeds
  • Seedlings
  • Vegetative Plants
  • Flowering Plants
  • Harvested Plants
  • Finished Stock

While there are other types of insurance policies that are important in protecting a farm or greenhouse that produces hemp, such as General Liability, Commercial Property and Workers Comp, having Commercial Crops insurance should be a priority. This type of insurance is the best line of defense against natural and man-made disasters that every farm can face. With the growing availability of commercial insurance coverage, it is no longer necessary for commercial hemp farmers to take on this risk themselves.

Consider Asking These Questions When Purchasing a Classic Car

Classic Car

Purchasing and maintaining classic cars is not an investment, but a fun hobby. As a result, it is important that the product you are spending money and time on is high quality and satisfies your high standards. Practice caution when buying a classic car by asking the following critical questions.

What Is the Accident History? 

A classic car may have gone through its fair share of incidents and close calls before everything was recorded online. These accidents may affect the quality of the vehicle you are considering. Ask the seller about its history, even if they may not always have all the details. Source:

Do You Have the Title? 

Study your state’s title laws before asking the seller. The responses can vary, as the car may lack a title or documents depending on its age. If you receive the title, ask if it is clean and clear and ensure it has the seller’s name.

Why Are You Selling It? 

A seller’s motivation for selling the car can reveal potential problems with the quality of the vehicle, from rust to malfunctions. Do not hesitate to ask, as you can either get the truth or catch the seller engaging in misinformation.

Classic car ownership is much easier when you are highly informed about the seller and the vehicle. Ask detailed questions to ensure you participate in a smooth transaction and receive the best car possible.