Business Continuity & Extra Expense
The 2020 Coronavirus pandemic has caused havoc with certain classes of businesses. Many businesses suffered tremendous loss of revenue...
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richarduwresource
- Dec 10, 2021
- 5 min
How 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...
90 views0 comments
richarduwresource
- Dec 3, 2021
- 4 min
Controlling Liquor Liability Exposures
As an underwriter, I have probably underwritten hundreds of risks with an exposure to liquor liability claims. As an underwriting...
20 views0 comments
richarduwresource
- Nov 18, 2021
- 4 min
Less is more! At least with Garagekeepers Coverage
A while ago, I blogged about garage liability for repair shops as no longer being a thing. Which is true because Iso now uses a...
62 views0 comments
richarduwresource
- Nov 11, 2021
- 5 min
It's time to start digging! Digging into Business Income
There 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...
30 views0 comments
richarduwresource
- Nov 4, 2021
- 6 min
Just 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...
128 views0 comments
richarduwresource
- Oct 30, 2021
- 5 min
The Real Story on Non-Coinsurance Business Income Options
In another article, I discussed some of the pitfalls of covering Business Income exposures on an “actual loss sustained” basis without an...
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richarduwresource
- Oct 21, 2021
- 5 min
Retrospective 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...
57 views0 comments
richarduwresource
- Oct 15, 2021
- 3 min
Let’s talk about real property valuation options
I 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...
145 views0 comments
richarduwresource
- Oct 7, 2021
- 5 min
There’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...
182 views0 comments
richarduwresource
- Oct 1, 2021
- 7 min
How 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...
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richarduwresource
- Sep 24, 2021
- 4 min
Large Deductible versus Self-Insured Retentions
So, you have a client who is interested in retaining risk. Assuming they are strong enough financially to accept greater risk and the...
118 views0 comments
richarduwresource
- Sep 17, 2021
- 6 min
Insuring against Terrorism – This Underwriter’s Historical Perspective
We 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...
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richarduwresource
- Sep 9, 2021
- 3 min
Test 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...
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richarduwresource
- Sep 3, 2021
- 5 min
CanSpam Laws & How easy it is to violate them
I 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....
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richarduwresource
- Aug 27, 2021
- 10 min
Consulting with Transparency, Knowhow, and Integrity
I had been underwriting for maybe 8 or 9 years, when my presence was requested at a pre-renewal meeting for a large general contracting...
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richarduwresource
- Aug 19, 2021
- 5 min
Restaurant 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...
44 views0 comments
richarduwresource
- Aug 12, 2021
- 4 min
Sit 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...
64 views0 comments
richarduwresource
- Aug 2, 2021
- 4 min
Test Your General Liability Pricing IQ
Here’s a quick quiz for insurance agents/brokers and my underwriting brethren to determine your General Liability Pricing IQ. 1. Which of...
36 views0 comments
richarduwresource
- Jul 28, 2021
- 4 min
Boiler Plate or Cookie Cutter
There 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...
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