Category Archives: Business Insurance Risk

Break The Bottlenecks With Business Insurance

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The Harvard Business Review recently published an article titled “Break Your Industry’s Bottlenecks”. The concept being that to create a successful business “you have to break the rules and overturn the received wisdom about how things work.” This could not be truer when it comes to the purchase of business insurance, which is a bottleneck […]

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The Risk You Don’t Know Can Hurt Your Biz

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  Tom Bullen speaks on behalf of Premier Risk Management now part of the risk advisory arm of AETHOS Consulting Group in the Jennings Wire podcast. Tom Bullen is with Premier Risk Management, the risk management advisory arm of AETHOS Consulting Group, a hospitality focused executive search and human capital services firm. AETHOS speaks with hospitality […]

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Business Insurance & Managing Risk: You Don’t Know What You Don’t Know

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What I do know is that it is hard to admit that you don’t know what you don’t know. Recently I gave a presentation at the 2015 Business Law & Corporate Counsel Symposium. The presentation was about business insurance and managing risk for businesses, the real message I wanted to leave my audience was that […]

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Understand the Insurance Adjustment Process

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It is not unusual for the insurance company to compile values that disagree. These differences are resolved through Claim Adjusting, or if necessary through the Appraisal procedure, a simple, inexpensive form of arbitration. However, many recent changes in wording of some policies have included striking-down the Appraisal process and instead now require parties to go […]

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8 Important Points When Presenting Your Loss & Claim

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In the previous post Proof of Loss: The proof is in the pudding, we shared the importance of knowing how the business insurance claims process works so you can get paid what you are due if you suffer a loss. These 8 points will help you navigate the claims process successfully. 1.  Familiarize yourself with lines 90 […]

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Proof of Loss: The proof is in the pudding as they say

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From an insurance perspective it is important to know how you can recover when your business suffers a loss. Questions to consider when filing a business insurance claim: 1. Will your insurance coverage be adequate? 2. How do you go about getting a recovery? 3. What are your responsibilities in the process? Knowing how the […]

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EEOC Playing Hardball When it Comes to Employee Background Checks

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Recently some predominant companies have been in the cross-hairs of the Equal Employment Opportunity Commission (EEOC). Since the EEOC found it necessary to release new guidelines related to background checks I thought I would share various articles that can be insightful for business today and a good read for the HR departments.  Additionally here are some of those specific […]

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Cost of Risk & The Price of Your Risk Management Program

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Every facet of your organization affects your cost of risk. It is difficult, at best, to quantify all aspects of this total cost of risk. For example, if you manufacture specialty equipment or products and you are faced with a recall, what is your loss of reputation or market share? In contrast, other components of […]

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In Business, There is No Avoiding Risk

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What is something exceptionally good about mid-market companies? They are agile and hold onto their entrepreneurial spirit … in fact they are even taking lessons from the big Fortune 500’s and looking to gain a financial advantage over competitors through various strategies. A key point was recently made in a Traveler’s survey: “Business who manage […]

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End of Year Risk Tip: Review Contracts Up For Renewal

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As we move into a new year…a number of business related contracts come up for renewal. With that in mind, we suggest that you spend the time to review, in detail, your contracts such as leases, purchase agreements and services contracts. Comment: Many times contracts are signed without a proper review and understanding of the […]

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