Regarding insurance, you may recall my advice to “sweat the big stuff”. In April, I pointed out that no personal insurable risk is bigger stuff than liability…the risk of getting sued. I asked my friends at Chubb Insurance to share some cases that you might find of interest. Click on the Summary below to see some real-life examples that could happen to anyone.

The settlement amounts are frightening. But what is most interesting to me are the loss descriptions. These defendants don’t appear willfully negligent; instead, it looks like the kind of stuff that could happen to any one of us.

Fortunately, these incidents are relatively infrequent so increasing your liability limits or buying an umbrella doesn’t cost an arm and a leg. It’s an unnecessary tragedy when someone loses their hard-earned assets because they failed to ensure adequate liability limits. Don’t let that happen to you, your family or your friends. You’ve got my number!