Trust that guy with your money.
I'm finding out that there are so many things that I used to say, "We will never do that," where the 'that' in that sentence is something that your insurance underwriter insists that you have to get the best rate. I'm not a fiduciary in the legal sense, but (a) I want our business to survive, and (b) I feel a responsibility to our investors and employees (many of whom are close personal friends of mine) badly enough that I won't spend a dollar that I don't see a benefit to spending. Hence, by this time next week, we're gonna have ourselves a sexual harassment policy, a fire escape plan, and whateverthefuck else our underwriters give us as a carrot. Insurance people might be more ridiculous than lawyers. They're just as evil, but so fucking polite it makes you sick. At least lawyers have the balls to be pricks.
In order to get my wife's business loan she needed a life insurance policy that named the bank as the benefactor. As a cosigner on the loan I did, too. Which meant in order for the bank to give us funds we had a surly Russian dude come out and give us physicals and take blood. I literally have blood in the game.