Michael Spath

7 posts

A small business insurance counselor and broker, Michael Spath joined Kapnick Insurance Group after more than four years of running his own small business. Michael has always been a champion for small businesses and believes not only in providing advice and service but investing in their success, offering an extensive collection of networks and potential partnerships that can be mutually beneficial.

Your Technology Company Needs E&O Insurance: Here’s Why

Every business has unique risks that can seriously harm its operations if not properly addressed. As a business utilizing technology to produce and deliver products or services, it’s important to recognize and take precautions against...

byMichael Spath

May 16, 2022

When Do You Need Business Insurance?

A few weeks ago, I bought a new car. It was a stressful experience because of the shortage of vehicles at dealerships across the country. Incredibly, I was able to work out a sale price...

byMichael Spath

November 29, 2021

Errors and Omissions Coverage Is A Must for Technology Businesses

In early September, I attended the Ann Arbor New Tech showcase. This event featured several startups in the technology sector, ranging from software programming to app development. After three presentations, I offered a two-minute spiel...

byMichael Spath

October 4, 2021

A Summer Of Storms In Michigan Has Made Business Income Interruption Insurance A Must

In early August, on one particular Wednesday, thunderstorms raged through southeast Michigan for hours – I remember well because our 1.5-year-old was awoken by every loud rumble of thunder – leaving more than 900,000 DTE...

byMichael Spath

August 30, 2021

There’s No One Way to Pick an Insurance Broker (But Here’s a Cheat Sheet)

To start or run a small business, an entrepreneur has an incredible number of tasks to check off, the biggest being getting paid customers through the door or clients to sign on. With such an...

byMichael Spath

August 18, 2021

Business Owner’s Policy: Why Your Startup Needs This Type of Insurance Now

Like many industries, the insurance world has its own language, with a glossary full of acronyms that routinely spill out of an agent’s mouth: GL (general liability), E&O (errors and omissions), EPL (employment practices liability),...

byMichael Spath

July 20, 2021

Here’s Why Cyber Insurance is a Must for Startups (and it’s Affordable)

The dreaded 180-day notification arrives on your computer. It’s time to change your password again. What version of a pet’s name or mother’s maiden name will you use this time? Max1234? Sherbert5678? Now, you must...

byMichael Spath

July 13, 2021