Four Common Business Income Coverage Gaps

According to the Allianz Risk Barometer, a survey of businesses and what they feel are their biggest risks, the top three risks that companies face in 2019 are all easily insurable. Unfortunately, after reviewing thousands of policies I often find that these risks are either not adequately covered or, even worse, not covered at all. … Continue reading Four Common Business Income Coverage Gaps

Medical Payments? No, I’m not talking about Health Insurance

Not many things are what they seem when it comes to an insurance policy so when we find something that seems straightforward and actually is we should all rejoice.  "Medical Payments" found in the General Liability policy is a coverage that is what it sounds like it should be, it pays for medical costs that … Continue reading Medical Payments? No, I’m not talking about Health Insurance

What Being Injured Taught Me About Risk Management

We can learn about risk management and insurance from our daily lives? Think about the times you may have gotten injured or something went wrong in your life that was preventable by incorporating risk management activities into your life. Right now I am going through one of those times in my life. I am an … Continue reading What Being Injured Taught Me About Risk Management

We Can Learn Something About Insurance From a Funny Video on Vaping

Do you remember when insurance companies had to make significant reserve adjustments for Asbestos claims in the early 2000s even though the exposure happened years ago? I worked for Hartford at the time, on their investment side, and even though our sales were great, Hartford's earnings always seemed to disappoint because they kept having to … Continue reading We Can Learn Something About Insurance From a Funny Video on Vaping

What Really Matters When Using Insurance to Avoid Risk

In college I studied economics but never believed in its practicality and as a result my grades in the subject reflected my disillusionment. The ideas only made sense if the world was perfectly rational, but as we all know the world is not rational and that is why economic theory is just that - theory. … Continue reading What Really Matters When Using Insurance to Avoid Risk

What Halloween and my Kids Peanut Allergy Taught me about Insurance that you can Benefit From

Two of my kids have peanut allergies which makes Halloween a bit stressful around our house. Fortunately, our kids’ reactions are not as bad as I know some other people have it so candy in a wrapper won’t cause them to have a reaction. They can still go trick-or-treating and my wife and I don’t … Continue reading What Halloween and my Kids Peanut Allergy Taught me about Insurance that you can Benefit From

Preventing the Preventable – Eliminating Risks Without Impeding Your Upside

I read a tweet today from an attendee at a venture capital conference that said, “Opportunity is all around you, so take risks.”   I 100% agree with that quote, but I would add this caveat to the end, “but eliminate risks that you can, prevent the preventable from occurring.” Insurance should be used to eliminate … Continue reading Preventing the Preventable – Eliminating Risks Without Impeding Your Upside