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...If you’ve got a strong blizzard or snowstorm coming your way, your most pressi... their clients’ properties. After the snow has been cleared, get a licensed el...

Snow Trees And Agency Growth
...ne morning last winter, I awoke to a snow-covered world. A thick, heavy spring snow covered the trees and grass. Benea...

... on any of my experiences from my snowshoeing tour to my snow play adventure, Airbnb insurance polic...

...an unusual property peril, such as snow loads on a roof Inability to iden...

... Risk managers' job relating to catastrophes is principally to see that adequate insurance exists and that coverage is not negated by unfavorable policy provisions. More fundamentally, they should evaluate risk exposures to see that protection features are commensurate with the hazard. This is not easy. Many potentially catastrophic risks are unwittingly assumed through ignorance in various ways, including: Failure to recognize an unusual property peril, such as snow loads on a roof Inability to identify a hazardous condition, such as loss of business income or costs associated with setting up a temporary location Ignorance of policy exclusions or mandatory conditions-for example, exclusions for damage to property in your custody or a requirement to report all occurrences that might lead to a claim Reducing costs means reducing the total of all risk-management costs-not just insurance premiums. More details for approaching ... by the risk manager. Claims Adjusting. Because liability claims involve the public and Workers Compensation claims deal with employees, their proper handling is a management responsibility. Risk managers don't adjust claims but monitor those who do. They should: Investigate to see that legitimate claims are paid promptly and efficiently-and conversely, that questionable claims are resisted effectively. Follow reserves to see that they're not excessive and that they're removed from the record immediately after final payment. Check claims-adjusting personnel for adequate training, experience, and exercise of good judgment. Ensure that subrogation (recovery) procedures against outside parties are being efficiently pursued. Record Keeping. The risk manager's basic tool is a complete, well organized set of records detailing insured and uninsured losses. Other important records include: Property valuations, broken down by location Insurance ...