Why does my policy have more than one deductible?

A policy commonly carries a flat deductible for most claims and a separate percentage-based wind and hail deductible in storm-exposed states like Georgia.

Does my own insurance cover me when I stay in an Airbnb or VRBO?

The host's short-term rental policy protects the host, not you. As an Airbnb or VRBO guest, your own homeowners or renters insurance usually covers your belongings and personal liability away from home, within policy limits, while travel insurance covers trip-specific risks neither the host nor your home policy will.

Does homeowners insurance cover flood damage?

No. Standard homeowners policies exclude all flood damage regardless of cause.

What does uninsured motorist coverage do?

If you are hit by a driver with no insurance or not enough insurance, uninsured and underinsured motorist coverage pays your medical bills.

When do we use Selective for flood coverage versus NFIP?

Selective private flood wins for Zone X and moderate AE properties where it beats NFIP on price and offers higher limits with ALE coverage.

Does Georgia require businesses to carry management liability insurance?

All FAQs

Quick answer: No. Georgia does not mandate management liability coverage. The exposure still applies to any Georgia business with directors, officers, employees, or a 401(k) plan, because Georgia corporate law (O.C.G.A. Title 14) and federal ERISA can leave leaders personally liable for business and plan decisions.

Georgia does not require businesses to carry management liability insurance. No state statute makes it mandatory the way liability coverage is required for a vehicle on Georgia roads. That does not mean the underlying risk disappears.

Georgia corporate law, found in O.C.G.A. Title 14, sets legal duties for directors and officers of corporations and LLCs operating in the state. When a director or officer is accused of breaching one of those duties, such as approving a bad transaction or failing to disclose a conflict of interest, that person can be sued individually. Personal assets, not just company funds, are on the table in that kind of lawsuit. Directors and officers (D&O) insurance responds to this kind of claim.

A separate federal law, the Employee Retirement Income Security Act (ERISA), applies to any Georgia business that sponsors a 401(k) or pension plan. ERISA holds plan fiduciaries, meaning the people who manage the plan or select its investment options, personally responsible for acting in participants' interest. A mistake in how the plan is administered can trigger a claim against the individuals running it, not just the company. Fiduciary liability insurance addresses that exposure. The difference between it and other management liability coverages is covered in D&O, EPL, and fiduciary liability compared.

Example: a Georgia manufacturing company with 40 employees and a company-sponsored 401(k) switches plan administrators. An employee later claims the switch caused investment losses and sues the officers who approved it, alleging a breach of fiduciary duty under ERISA. Without fiduciary liability coverage, the named officers face that claim personally.

Employment practices liability (EPL) insurance is the third piece of a typical program. It responds to employee lawsuits such as discrimination, harassment, or wrongful termination claims, which apply to any Georgia employer regardless of entity type.

Because none of these coverages are legally required, the decision to carry them comes down to a business's actual exposure: how many employees it has, whether it sponsors a retirement plan, and how its board or ownership structure is set up. Georgia management liability insurance is available through Olive Cover for businesses evaluating this exposure, and a coverage review can map which coverages fit a specific Georgia business.