Lovitt & Touché Discusses Risks of Over- or Under-insuring with Phoenix Business Journal
According to a recent study by Marshall & Swift/Boekh, 75 percent of businesses are under-insured by 40 percent or more. Still, others are over-insured, paying too much for coverage they don’t need. With this in mind, Lovitt Touché shared the benefits of right-sizing business insurance coverage in an educational series for the Phoenix Business Journal.
No two businesses face the same exposures, and cookie-cutter insurance policies can result in a false sense of security. We broke down the benefits of working with insurance experts, such as Lovitt & Touché, to create insurance plans that are customized to the business’s unique situation and account for both tangible and intangible risks.
To further help local businesses manage risk, protect assets and save money, we provide additional insurance and benefits insights in this series: