Insurance Awareness Day: Foster Swift Highlights Importance


Southfield, Michigan, June 27, 2022 (GLOBE NEWSWIRE) — June 28e is National Insurance Awareness Day. Of course, we can be aware that we have insurance, but sometimes we forget to assess whether we have good insurance to cover our business. National Insurance Awareness Day provides an annual reminder to review, understand and update our policies, as the passage of time may bring greater or different needs. For instance:

  • Companies that enter into contracts with other companies, in which they agree to provide liability insurance coverage for the other companies, might want to assess their additional insured riders since options may exist to extend this coverage.
  • Businesses that assume their workers are merely “independent contractors”, not employees, may consider workers compensation insurance because these workers could, in the eyes of the law, actually be employees.
  • Businesses can assess their needs additional civil liability insurance depending on their size, operations and risks. Changes in the business may result in changes in coverage.
  • Entrepreneurs and independent professionals working from home can consider appropriate business insurance, such as commercial liability insurancebecause home insurance policies typically have business activity exclusions that prevent coverage of business-related risks.

“Insurance policies can be complicated contracts, and legal disputes sometimes arise involving the interpretation of certain provisions within them,” says Southfield lawyer Julie Fershtman, who has litigated coverage disputes. insurance in Michigan and other states for decades. “Because policies may differ in their scope and in the exclusions they offer, do not make any assumptions about your coverage”,

In recent years, another type of insurance available to businesses has been cyber insurance. Cyber ​​insurance often mitigates the costs and consequences of a data security incident or data breach and the potential liability that may result. Cyber ​​insurance policies differ and are usually customizable. Foster Swift provided information on these covers: Cyber ​​insurance: is it right for you?

Assessing insurance coverage and avoiding coverage disputes is a good business decision on National Insurance Awareness Day — and every day. Now is a good time to contact your insurance agent to assess and update your coverages. Having an insurance attorney review your current and proposed policies can help you optimize your coverage, and in the event of a dispute, ask a knowledgeable attorney to guide you. Foster Swift has that expertise.

Companies with questions about their insurance coverage can contact Foster Swift’s attorney Julie Fershtman at 248.785.4731 or [email protected], or another member of Foster Swift’s insurance coverage team.


Since 1902, Foster Swift Collins & Smith, PC has provided comprehensive legal services to businesses, municipalities and individuals. The firm employs nearly 100 attorneys and more than 100 support staff across five locations: Lansing, Detroit, Southfield, Grand Rapids and Holland. For more information about the firm, its lawyers and to access recent publications, visit


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