An Accountant's Property & Casualty Insurance Primer
At a recent breakfast meeting, Van Menard, of Menard, Gates & Mathis, Inc., deftly navigated The Marston Group staff through the maze of common, but important insurance types available to businesses and their owners. Menard’s presentation spotlighted policy coverage limitations, insurance benefits paid as a ratio of the dollars spent, and the importance of analyzing the complexion of the client's industry, employee base and risk of loss. All have a profound affect on the types and cost of coverage available to a business.
Menard was particularly helpful in addressing the occasions when accountants are called upon to assist clients with various insurance claims and/or audits. Positive feedback from TMG affirmed the information gained during the seminar would enable the firm to better advise clients on how insurance (or lack of) can affect their businesses.