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...
115 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...
29 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...
92 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...
31 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...
132 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...
62 views0 comments
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...
67 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...
147 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...
193 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...
125 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...
31 views0 comments
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...
21 views0 comments
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...
45 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...
65 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...
40 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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