richarduwresourceDec 17, 202110 minBusiness Continuity & Extra ExpenseThe 2020 Coronavirus pandemic has caused havoc with certain classes of businesses. Many businesses suffered tremendous loss of revenue...
richarduwresourceDec 10, 20215 minHow much Garagekeepers Limit is Enough?I wrote in an earlier blog about Garagekeepers Coverage is coverage for damage or destruction to customer’s cars left in the insured’s...
richarduwresourceDec 3, 20214 minControlling Liquor Liability ExposuresAs an underwriter, I have probably underwritten hundreds of risks with an exposure to liquor liability claims. As an underwriting...
richarduwresourceNov 18, 20214 minLess is more! At least with Garagekeepers CoverageA while ago, I blogged about garage liability for repair shops as no longer being a thing. Which is true because Iso now uses a...
richarduwresourceNov 11, 20215 minIt's time to start digging! Digging into Business IncomeThere are a couple of recent events which caused me to reflect on the quality of job we are doing to help our clients manage their risk...
richarduwresourceNov 4, 20216 minJust what makes a risk a good risk?We need to understand risk quality does not mean hazards or loss potential a business is exposed to. Hazards and loss potential relate to...
richarduwresourceOct 30, 20215 minThe Real Story on Non-Coinsurance Business Income OptionsIn another article, I discussed some of the pitfalls of covering Business Income exposures on an “actual loss sustained” basis without an...
richarduwresourceOct 21, 20215 minRetrospective Rating Plans – The forgotten way to retain risk!In another blogs, I discussed the topics of large deductibles, and self-insured retentions. But there is another method clients can...
richarduwresourceOct 15, 20213 minLet’s talk about real property valuation optionsI never actually did a survey, but I would be willing to bet when you ask an agent what valuation option you recommend to insureds for...
richarduwresourceOct 7, 20215 minThere’s no such thing as garage liability!This is a true statement. Well mostly true anyway. I bet if you polled most insurance agents about this issue, the majority would say...
richarduwresourceOct 1, 20217 minHow much risk should an insured retain?I can still remember my Corporate Finance class when I was in college 45 years ago. Professor Rini’s comments still ring loud and clear...
richarduwresourceSep 24, 20214 minLarge Deductible versus Self-Insured RetentionsSo, you have a client who is interested in retaining risk. Assuming they are strong enough financially to accept greater risk and the...
richarduwresourceSep 17, 20216 minInsuring against Terrorism – This Underwriter’s Historical PerspectiveWe are marking the 20th anniversary of the 9/11 attacks on New York City and Washington DC. Perhaps there is no better time to look back...
richarduwresourceSep 9, 20213 minTest your Commercial Auto know how!Choose the best answers for the following questions 1. Which of the following statements is true? A. Loss costs for fleets are...
richarduwresourceSep 3, 20215 minCanSpam Laws & How easy it is to violate themI truly love Spam! Fried in a skillet, on bread with mustard makes a tasty but unhealthy meal! But that’s not what I want to talk about....
richarduwresourceAug 27, 202110 minConsulting with Transparency, Knowhow, and IntegrityI had been underwriting for maybe 8 or 9 years, when my presence was requested at a pre-renewal meeting for a large general contracting...
richarduwresourceAug 19, 20215 minRestaurant food delivery just isn’t what it used to be!I want it all! And I want it now! That was the theme song for the Grub Hub commercials a couple of years back. Covid has redefined the...
richarduwresourceAug 12, 20214 minSit down, have a drink, and let’s talk about liquor liability!Yes, people get confused by liquor liability. How do I know that? Even up till the end of my active underwriting career, I was getting...
richarduwresourceAug 2, 20214 minTest Your General Liability Pricing IQHere’s a quick quiz for insurance agents/brokers and my underwriting brethren to determine your General Liability Pricing IQ. 1. Which of...
richarduwresourceJul 28, 20214 minBoiler Plate or Cookie CutterThere are 2 theoretical questions which have yet to be solve. The first is how man angels can fit on the head of a pin? The other...