william bronchick coaching


Presentation Description

William Bronchick is an experienced real estate advisor. He has authored various books on real estate and has mentored a large number of people on real estate issues.


Presentation Transcript

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William Bronchick’s Coaching Explains about the Types of Insurance for Asset Protection

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William Bronchick is an experienced real estate advisor. He has authored various books on real estate and has mentored a large number of people on real estate issues. In his coaching classes, William Bronchick tells about the types of insurance for asset protection.

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There are five types of insurance that can be availed by a person for protecting his assets, exclaims William Bronchick in his coaching classes. General Business Liability Insurance, Malpractice Insurance, Director Liability Insurance, Umbrella Liability Insurance, and Extended Homeowner's Insurance.

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The General Business Liability Insurance can be reasonable and will cover a wide range of lawsuits from personal injury claims to copyright violations. In Malpractice Insurance, Lawyers, doctors, engineers, architects, real estate brokers and other professional can obtain malpractice or "errors & omissions".

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This insurance covers goof ups that you and your employees make in dealing with clients. This insurance can be very expensive, depending upon the kind of business that you are involved. The Director Liability can be so precarious that many people refuse to serve on the board of any corporation without director liability insurance.

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This insurance is expensive and may not be necessary for a small corporation. An umbrella policy is one that kicks in after all other underlying coverage is exhausted. Umbrella insurance does not cover other claims that are otherwise not insured (e.g., breach of contract claim). A typical homeowner's policy will cover basic liability claims against you regarding the property. It will not cover general liability claims unrelated to your property.

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In his coaching classes, William Bronchick advises to review your policies with your insurance agent as to coverage issues and policy limits. If cost is an issue, increase your deductible. A lower deductible on a policy is general more expensive than a higher coverage limit for liability.

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To learn more, visit www.williambronchickcoaching.com.

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About William Bronchick William Bronchick, CEO of Legalwiz Publications, is a nationally known attorney, author, entrepreneur, and speaker. Mr. Bronchick has been practicing law and real estate since 1990, having been involved in over 1,000 transactions. He has trained countless people all over the United States to become financially successful, speaking to audiences of as many as 16,000 at "Get Motivated" events sharing the stage with names like Rudy Guliani, Steve Forbes, and Colin Powell.

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His best selling book, ‘Flipping Properties' was named one of the ten best real estate books of the year by the Chicago Tribune. William Bronchick is also the co-founder and President of the Colorado Association of Real Estate Investors and the President and Chairman of the College of American Real Estate Investors.

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