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!