September 17, 2013

1 big insurance mistake to avoid

If you wake up in the middle of the night wondering—“Hmmm … is my inventory of multivitamins insured when sitting in that warehouse?”—don’t let that be just a fleeting thought. Make sure you find out the answer first thing in the morning. Every day, Greg Doherty, supplement practice leader at Poms & Associates Insurance Brokers, sees supplement companies get sued or lose months’ worth inventory because they assumed their insurance had them covered—but it didn’t. Docherty dishes on this all-too-common mistake.

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