Stress Test for New Small Business Insurance

There was an interesting article in the Harvard business review about stress testing in the financial sector. The article’s main point was that stress testing is going to spread into many other industries besides financial services. That made me think about the average small-business owners commercial general liability insurance coverage as to whether or not it could stand a stress test. Small business insurance packages are just that, template packages. The general liability insurance coverage that you purchase may or may not respond to the stress of a claim. The insight for today is to do some worst case scenarios to stress your current insurance portfolio to see if they can withstand a major claim.