Business Insurance | Underwriter's Resource

richarduwresource

Jul 28, 20214 min read

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...

richarduwresource

Jul 16, 20213 min read

A Few Thoughts on Stop Gap

As a general liability underwriter, one of the most common coverage extensions requests I received was to add “stop-gap” coverage to the...

richarduwresource

Jun 30, 20216 min read

Sale on Business Insurance in Aisle 3!

I recently presented a webinar on the topic of Evaluating for Risk Quality. Part of my presentation discussed the impact of relative risk...

richarduwresource

Jun 23, 20213 min read

What to Know About Actual Loss Sustained BI

In the last decade (or perhaps longer), it has become more of a standard practice for insurance agents to request to write Business...

richarduwresource

Jun 9, 20212 min read

The Truth About Coinsurance

Coinsurance is not a penalty. Coinsurance provisions are mechanisms to make commercial property insurance more affordable. What?...

richarduwresource

Jun 2, 20213 min read

3 Things About Designing Business Insurance Programs

1. What Needs to Be Insured? We are taught early on in our careers we should insure everything that is insurable. People are bombarded in...

richarduwresource

Nov 29, 20203 min read

Minimum premiums - What are they and what are they for?

During my underwriting career with multiple insurance companies, I’ve charged minimum premiums countless times. To me it was common place...