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Michael Spath
12 posts
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 risks that your commercial general liability (CGL) coverage doesn’t include. Technology professional liability coverage, also referred to as tech errors...
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 my wife and I were comfortable with, but we still purchased the car in a seller’s market. Worse, unlike homes...
Ask the Experts on StartupNation Radio: Michael Spath on Cyber Insurance
On this week's episode of StartupNation Radio, Jeff speaks with Michael Spath of Kapnick Insurance Group about cyber insurance. Tune in to the StartupNation Radio show with Michael Spath below: Michael, a client executive for Michigan-based Kapnick Insurance Group, is a full-service insurance brokerage. He is StartupNation's insurance expert. During the episode, Michael discusses: The...
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 on business insurance, how to procure it for new enterprises and the potential coverages needed to secure a business’ financial...
Ask the Experts on StartupNation Radio: Michael Spath on the Insurance You Need for Storm Coverage
On this week's episode of StartupNation Radio, Jeff speaks with Michael Spath of Kapnick Insurance Group about the importance of having the right insurance -- and enough of it -- to cover storm damage. Tune in to the StartupNation Radio show with Michael Spath below: Michael, a client executive for Michigan-based Kapnick Insurance Group, is...
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 Energy customers without power, according to the Detroit Free Press. Many of those customers went days without electricity in their...
Ask the Experts: Michael Spath, Shay Berman, and Greg Packer on StartupNation Radio
On this week's episode of StartupNation Radio, Jeff discusses small business funding before speaking with StartupNation's subject matter experts: Kapnick Insurance Group's Michael Spath, Digital Resource's Shay Berman, and AccessPoint's Greg Packer. Tune in to the full StartupNation Radio show with Spath, Berman and Packer to learn about small business funding and hear important small...
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 intense focus on creating a product that consumers need and marketing to create awareness that such a product exists, business...
WJR Business Beat with Jeff Sloan: Small Business Insurance is Mission Critical (Episode 266)
On today's Business Beat, Jeff chats with Michael Spath, client executive and small business advisor at Kapnick Insurance Group and StartupNation's insurance expert, on the importance of small business insurance for entrepreneurs. Tune in to the Business Beat, below, to learn what types of small business insurance you should consider to best protect your company:...
Ask the Experts: Meet Our 3 New Subject Matter Experts on StartupNation Radio
On this week's episode of StartupNation Radio, Jeff talks to StartupNation's new subject matter experts: Shay Berman of Digital Resource, Greg Packer of AccessPoint and Michael Spath of Kapnick Insurance Group. Tune in to the full StartupNation Radio show with Berman, Packer and Spath to learn more about our experts and their specialties: First up...
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), BPP (building personal property), WC (workers’ compensation) and on and on. Insurance can be complicated, and the frequency with which...
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 remember this new password and the one to your credit card and your bank and your Venmo and on and...