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Professional Liability - Deductibles and Retentions
Do you know the difference between a deductible and a retention? If not, I have good news for you. This article will clear up all of the confusion and send you on your way to make a good decision and not...
0 commentsRisk Identification Methods - From Checklists to Experts
If you would rather listen to this as a podcast, click here Through my travels and experiences, I have found that many companies today approach risk management in reverse. As a result they have a bad taste in their mouths. They purchase insurance...
7 commentsTime Element Coverage - The Elements of a Covered Loss
In the spirit of consistency, the next several hubs are going to drill down on specific portions of time element coverages to help you gain a better understanding of the coverages in general. By breaking the...
0 commentsRisk Management Mission Statements - Mission Possible
If you would rather listen to this as a podcast, click here. It is amazing how many companies don't employ a risk management mission statement. One of the things I do when I visit a prospect is look...
0 commentsWhy Total Cost of Risk May be Your Most Important Valuation
Many organizations concern themselves with various methods of valuation. They contemplate multiples of revenue, multiples of EBITDA and sometimes multiples of profit. The valuation of a business is it's lifeblood.
1 commentSelecting an Insurance Agent or Broker
As a business owner or financial executive, you may have had to deal with the placement and procurement of insurance to cover the risks that your business faces. While some people take a more focused...
0 commentsBoiler and Machinery Coverage - Coverage Gaps in the Commercial Property Coverage Forms
As we continue our series of posts on boiler and machinery coverage, it is necessary to make our next stop the actual coverage forms themselves. As with most insurance policies, most of the time it is...
0 commentsRisk Taking Appetite - Don't Let Your Eyes be Bigger Than Your Stomach
While every organization is unique, there are some components that all companies share. One such item is the organization's risk appetite. While you may not share the same risk appetite as your peers,...
0 commentsProfessional Liability - The Hammer Clause
As we begin to dive deeper into the subject of Professional Liability, the first stop is the Hammer Clause. The Hammer Clause is a part of nearly every single Professional Liability policy. In some cases, it...
0 commentsTotal Cost of Risk - How Many Months are you Working for Free?
If you would prefer to listen to this as a podcast, please click here. Many companies do not concern themselves with risk management on a daily basis. They don't feel that there is any value associated with a well thought out risk...
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