Posts tagged as:

values at risk

Professional Services Firms Need the Right Extra Expense Coverage and a Rock Solid Business Continuity Plan

by John February 19, 2010

I am often asked to assist professional services firms, such as attorneys, accountants, engineers, and doctors, with estimating their business income values at risk.  My advice to professional services firms is often the same:  assume you will collect nothing for your lost business income.  I know that this advice sounds harsh and may seem shocking. [...]

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Lost Sales May Not Be Covered by a Business Interruption Insurance Claim

by John February 2, 2010

I hear this from clients a lot: “But we have business interruption insurance for our lost sales!  If we have business income coverage, doesn’t the insurance company have to pay us for our lost sales?”  This issue in particular can be really frustrating for risk managers, corporate officers, and business owners.
I usually answer this concern [...]

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Why Take Time to Adjust Values at Risk?

by John January 25, 2010

I hear it all the time: we were busy.  We were in a period of growth!  How could we stop our work in the middle of this booming period to evaluate our business income values at risk?  Besides, we don’t really want to talk to the insurance broker again–they’re always trying to upsell us, right?
I [...]

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Rethink Your Values at Risk to Save Money

by John January 22, 2010

If your business carries business interruption insurance, you’re responsible for determining and reporting your values at risk to your insurance company.  Many businesses come up with this number one time in order to place business interruption coverage, and then don’t think about their values at risk number again–sometimes for years.
Businesses that carry business interruption insurance [...]

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