Check your Limits on all policies
Personal Umbrella should be carried. Look at higher limits than just 1,000,000. The Umbrella extends the limits of all your personal policies.
Make sure your boats, RV’s, UTV’s, Motorcycle covered under Umbrella
Make sure Vacation homes and Condo’s are Under Umbrella.
Health & Life
Life Insurance - Check current limits, if it’s a term policy consider rewriting every 5 years if you are healthy to extend term.
Health Insurance/Medicare - lots of changes here. Talk to your agent/broker about all your options.
Long Term Disability - Look at a group policy for your company as an option as the cost can be about the same as a policy just on you and involve much less underwriting.
Establish a Trust?
Don’t place Everything in the Trust - Look at (Payable on Death for Bank accounts and Transfer on Death on Vehicles) A Revocable trust does not provide the protection many people think. You can also use LLC’s that are owned by the trust to provide layers.
If you are on Board, does your Umbrella give you Directors & Ofﬁcers Liability? Does your board provide coverage for Directors & Ofﬁcers?
What contracts have you assumed liability in (Condo’s, Boat Rentals, etc)
Consider any Foreign Travel Risk and related insurance to purchase. You can buy Kidnap and Ransom Insurance with your business and Emergency Travel Insurance from specialty insurers.
Domestic Workers? - Can you cover them on your homeowners insurance or do you need Workers Compensation?