How business makes you liable
Sitting comfortably in your office chair, you’re probably feeling pretty cozy and perhaps even protected from the ills of the world. Think again. The reality is, when it comes to personal liability, you’re more exposed at the office place than perhaps any other arena. Just take a look at a few of these sobering statistics:
• 85,000 medical malpractice lawsuits are filed each year in the United States
• Every dentist can expect at least one malpractice lawsuit during their career
• One out of every two attorneys will have a malpractice claim against them in their career
• The list goes on and on…
So what makes the workplace such a minefield of lawsuits? Interacting with a wide variety of employees and/or vendors on a regular basis is one of the primary reasons. Perhaps the lawsuit comes from a coworker of the opposite sex that misinterpreted a particular communication; it might come from a lower-level employee that took your advice on some personal matter and ended up dissatisfied; it might even come from the water delivery person that is offended while in your break room. No matter the scenario, for most professionals, there is no “corporate veil” available to protect you from a catastrophic lawsuit – especially if the judgment rendered exceeds your existing insurance limits.
So what can you do to transform that false sense of security into an actual shield against litigation? The easiest (and not unexpected) solution is XINSURANCE. No matter your professional industry, XINSURANCE provides insurance solutions to protect your assets in the case of a lawsuit – allowing you to keep up operations as normal.
For more information on how XINSURANCE could help protect you from losing everything you work for, get a free quote by clicking here.
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.
