Director’s and Officers Liability Coverage Series
Director’s and Officer’s Liability coverage can be very complex to purchase as well as an expensive part of an organizations insurance portfolio. Careful consideration of company operations, procedures and the coverage goals of the board members are required in order to determine the right program for a particular company. Cookie cutter is not the way to go.
Improving Security and Disaster Response Potential Part Two
Facility Security
Below are some actions you can take to assess and improve your facility security. Successfully implementing these security measures requires you to effectively engage various groups within and outside of your organization, including supervisors, managers, employees, outside contractors, or municipal services.
Product Recall – A Primer: Contamination Perils
This is the continuation of a four-part series. You can read the article that precedes this one here.
Product Recall – A Primer: Risk Management Considerations
There are two categories of exposure to loss for a company faced with a product recall incident: first party operational losses to the company and third party liability losses to injured persons.
Insurance Risk Management: The Framework – The Insurance Policy Part Three
If you didn’t get a chance to read the earlier portions of this series, you can read part one here and part two here. This is the final installment of the series.
Insurance Risk Management: The Framework – The Insurance Policy: Part Two
Insurance policies contain exclusionary endorsements or loss-limiting endorsements.
- Most of the time exclusionary endorsements are clear to all parties prior to binding the policy.
- Other times they are obscure, buried in highly-confusing policy language, not known or fully understood at the C-Level until a loss occurs.
Insurance Risk Management: The Framework – The Insurance Policy: Part One
Let me ask a question. What stands between you and protecting your company’s financial assets?
If you are using an insurance policy as a means and maybe the only means, to transfer risk, then the answer could be your insurance policy!
Insurance Risk Management Consulting News Watch
Here are a couple of current news stories on Insurance and Risk Management. The publication is in bold, the titles of each follow as a hyperlink to the full story, and we end with a quote that will hopefully help you decide whether you need to skim the whole article at the original source.
Insurance Risk Management Consulting Tip #11
Insurance Risk Management Tip #11 – Loss Control
Pay more attention to loss control.
Risk management is all about reducing and mitigating the exposure to risk which in turn reduces costs. Unfortunately we see many companies are not as focused on loss control measures until it is too late. An employee is injured, a fire occurs, an invitee trips and falls. Most of the time with smaller to medium sized companies it is the insurance carrier loss control representatives who point out potential hazards.
Executive’s Guide to Risk Management and Insurance – Reduce The Risk/Boost Your Bottom Line.
This guide was written for the astute executive, CEO, CFO, Controller, COO, VP, Board Member or Business Owner, who appreciates the complexity and importance of insurance issues and who wants to realize all the profit-boosting potential the right decisions afford the company.