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Managing Inventory with the Peak Season Endorsement
During the course of a year, businesses in various industries may see their inventories rise or a firm may see greater demand for their products at certain times of the year. For example, many people take vacations during the summer;…
Read MoreWhat’s in a Name? The Importance of Named Insured Underwriting
When underwriters think about risk, perils such as fire and theft come to mind. One risk that can be overlooked is improperly underwriting multiple named insureds. This article will discuss the importance of underwriting named insureds.
Read MoreBeat the Heat by Staying Hydrated
During my time in the military, a common phrase I heard while training in the field was, “hydrate or die”. Although it may not have been the best way to put it, it was an effective reminder to keep hydrated…
Read MoreA Leadership Formula for Success
I recently attended a one-day leadership conference with a focus on how taking care of yourself could be the key to being an effective leader. The speakers discussed how to handle stress, the importance of rest and exercise, and how…
Read MoreEnterprise Risk Management: An Alternative Approach to Managing Risk
One of the core concepts of insurance is risk management. The Institutes define risk management as “the process of making and implementing decisions that will minimize the adverse effects of accidental losses on an organization.”[i] Insurance professionals regularly use risk…
Read MoreSoldering Safely: Tips for Safe Welding
As a kid, I remember going to our family farm almost every weekend to “help” my dad with chores (more like get in his way) and work on our farm equipment. That usually meant welding a piece of machinery back…
Read MoreWinter Weather Can Wreak Havoc on Properties and Insurance Programs
As the temperatures dip below freezing this time of year, a number of weather-related situations can result in property insurance losses. Frozen pipes and ice dams are two of the more common wintertime insurance claims.
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