The “Other” Insurance Clause

The “Other” Insurance Clause

Every insurance policy I have ever reviewed had what is known as an “Other Insurance Clause.” This is a short clause, usually tucked away in the Conditions section of an insurance policy, that most insurers don’t read and don’t know it’s even there. Even worse is that...
Risk Management of Cyber/Internet Exposure

Risk Management of Cyber/Internet Exposure

Cyber Risk Management   A Changing Landscape We have all read about the numerous breaches of mega-companies like Orbitz, Panera Bread, Delta, Best Buy, and many others; and it’s not just the “Big Boys” getting hit. Increasing pressure is being applied by banking...
5 Ways to Lower Your Bond and D&O Premium

5 Ways to Lower Your Bond and D&O Premium

Ways to Lower your Bond and D&O Premium   How to get the most “BANG” for your buck!   The largest part of any bank’s insurance costs is the premiums of its Financial institution Bond and its Directors and Officers’ liability policies....
Time for a Captive Insurance Company?

Time for a Captive Insurance Company?

Time for a Captive Insurance Company?   I have always been lead to believe that establishing a Captive Insurance Company was only for large companies with a lot of capital and a hard to insure loss exposure. While this advantage for large companies has not...
Handling Risk Without Buying Insurance

Handling Risk Without Buying Insurance

Handling Risk Without Buying Insurance   When I left the insurance agent ranks to become a consultant, it took me a year or two to think of Risk not as just an Insurance Problem but as a Risk Management Problem. Instead of thinking that every risk existed so I...