I’ve written before about managing personal risk. In my view, the world has become a much crazier place over the last few years.

I recently decided to increase the liability insurance coverage my wife and I have personally from $2MM to $5MM. The cost of increasing our coverage was minimal. You should consider increasing your personal liability insurance coverage, as there are people who won’t hesitate to sue you for a significant amount, regardless of whether they have a strong case.