Insuring Your Product at Selling Price

If you have a property loss, submit your claim to the insurance company and they only reimburse you for the cost to reproduce your merchandise or product would you be mad? Would you expect to be reimbursed at the selling price instead? How would this impact your revenue and cash flow? The standard property insurance … Continue reading Insuring Your Product at Selling Price

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

How CFOs are Protecting Themselves From Manufacturing Disruptions as Gene Therapy and Immunotherapy Manufacting is Being Stretched Thin

Today there was an article in STAT about the shortage of manufacturing capacity for gene therapy companies (find the article here). The article goes on to talk about how the problem might only get worse as companies pursue indications in larger patient populations and the trial sizes get bigger and bigger. There was also a … Continue reading How CFOs are Protecting Themselves From Manufacturing Disruptions as Gene Therapy and Immunotherapy Manufacting is Being Stretched Thin

Common Question Friday- Why Do I Need Cyber Coverage?

This week’s common question is - "Why do I need cyber insurance if I don’t sell anything and therefore don’t take personal information from clients?" In the past this was asked by pretty much every company that did not sell directly to consumers but the tide is definitely shifting where almost every company needs some … Continue reading Common Question Friday- Why Do I Need Cyber Coverage?

Hurricane Florence – Property Insurance Tips

Hopefully Hurricane Florence weakens and has a minimal impact on the East Coast of the United States, but if we are not so lucky I wanted to share some coverages that you might have available in your property policy that will help mitigate the financial loss. Debris Removal – often this has a sub-limit but … Continue reading Hurricane Florence – Property Insurance Tips

How to Mitigate Supply Chain Disruption

Every time I read a headline like the one I saw yesterday on the FiercePharma website, “FDA bans products from another Chineses API maker,” I cringe.  This is not the first time I have written about these type losses and it won’t be the last as I believe supply chain risk is at or near … Continue reading How to Mitigate Supply Chain Disruption