THIS SPRING, BRING THE UMBRELLA How Much Does Corporate 'Umbrella' Coverage Cover? You know what they say about April showers. But sometimes, things fall from the sky on us, and there are no May flowers to look forward to. At Vermost Insurance, we help our clients stay protected from the “showers” of misfortune that can occasionally target any business. And just like any spring storm, you never know when something that demands umbrella coverage will break right overhead. Umbrella coverage is exactly what it sounds like — sort of. It provides shelter from a broad range of costs and could easily be used to cover malpractice, general liability, or property damage. But like any good fail-safe, umbrella coverage isn’t a first resort, and it doesn’t work alone. Instead of being one policy that can apply to any number of outcomes, umbrella coverage is more like a “slush fund” that can be distributed when other insurance policies get maxed out. That’s a very crude description, of course, but in practical terms, that is how umbrella coverage works. Say you get sued for malpractice — and worse, damages are awarded for $750,000. That’s a lot of money, and when that gavel comes down, you realize that your specific malpractice policy only goes up to
DON’T COUNT THEM OUT 4 Teams to Watch This Baseball Season This is no joke: The 2021 Major League Baseball (MLB) season will begin on April 1. While you may wonder whether the Los Angeles Dodgers can repeat as champs or if the Tampa Bay Rays can exact their revenge, don’t count these four teams out just yet. Minnesota Twins You don’t make it to the playoffs with the best record in all of baseball and not make it into some kind of list. The Twins are going to be a fun team to watch because they have a chip on their shoulders. While the team managed to score 269 runs in just 60 games, they also lost their record-breaking 18th straight playoff game in 2020. If they can get consistent pitching, from starters and relievers, they will be in the hunt at the end of September. Detroit Tigers There is a benefit to repeatedly being near the bottom of the league: You get good draft picks. The Tigers are on the cusp of finding that special blend of offense and defense in the coming season thanks to some much- needed depth by up-and-coming pitchers and first- round draft picks — so much so that Jonathan Mayo of MLB.com has them as the top team that missed the playoffs in 2020 who could make a solid run. St. Louis Cardinals The award for best offseason ought to go to the Cardinals, who, all winter long, appear to have outwitted their Milwaukee and Chicago rivals — the Brewers and Cubs were the top two teams in the National League Central last year — by acquiring third baseman Nolan Arenado and re-signing Adam Wainwright and Yadier Molina. The Cardinals are favored to win the Central division if those off-season moves pay off. San Diego Padres After acquiring Manny Machado in a big trade in 2019, the Padres have continued to improve, especially against difficult opponents. The Padres
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were a tough team last year, defeating the Cardinals in the wild card round and losing to the eventual World Series champions, the Los Angeles Dodgers. Expect them to be near the top of the standings in September.
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