Liability Insurance can be more than a postscript to your operating activities. It can provide the ability to make business decisions in a safer financial position. In order to gain this benefit, a company’s insurance program should do the following:

A) Protect the unique risks of your operating activities, such as your disruptive technology, a third party supply chain weakness, lease agreements, or lawsuits initiated to disrupt your competitive advantage;

B) Provide coverage you need and delete coverage not applicable to your operating activities. Precision coverage may reduce premiums.

C) Acquire coverage before engaging in new operating activities, including strategic alliances;

D) Match operating agreement terms with policy coverage terms. A mismatch, caught before closing a deal, can be negotiated to alleviate the financial risk and/or made known to the team prior to implementing the business decision.

Synesis Law can assist you in turning a fallback feature of your operating activity into a financial strength supportive of your company’s continued growth.