25% of Teens Respond to Text Messages Every Time they Drive

Your teenage drivers (or soon to be teen drivers) are likely one of your biggest liability exposures.  Statically, your greatest liability exposure is the operation of motor vehicles by members of your family and others driving near you. Teen drivers are especially inexperienced, easily distracted, and have very little appreciation for the laws of physics related to cars. Common risky behaviors exhibited by teen drivers are numerous: texting, emailing, internet surfing, talking on the phone, speeding, driving aggressively in bad weather, racing, driving with too many people in the car, driving under the influence, and driving late at night.  

In a worst case scenario, a teenager who is texting or drinking while driving might injure or kill a number of passengers and fellow motorists. 

The resulting liability exposure could quickly surpass their parents’ net worth. For this reason, it’s extremely important to understand the possible effects of compounding liability ( i.e., the indirect or associated liabilities that can be triggered by a single catastrophic event.) – and make certain that you have adequate coverage and umbrella limits in place.

Reach out to the Family Risk Management and insurance experts at Gowrie Group for an evaluation of your risk profile, insurance gaps, and recommendations on how to best mitigate your exposures.  Contact Gowrie Group at familyrisk@gowrie.com, 860.943.1818, www.gowrie.com/familyrisk.