The insurance coverage you needed 20 years ago…even 5 years ago…may not be appropriate today to protect you from financial loss. There are truly some areas of concern that were not on our radar just a few years ago: Cyber Security Directors and Officers Kidnap and Ransom Active Shooter Coverage Terrorism Coverage All of those …
The weather activity of 2017 and 2018 has taken a toll on the Inventory/Dealer Open Lot markets. The record Hail in the Midwest and the effects of Hurricanes Harvey and Irma sent wake up calls through the carrier and reinsurance markets Underwriters who became ‘’overly aggressive’’ with their pricing and deductibles felt the pains of …
With every missing inventory vehicle, the first questions are (and should be) How, When and Who. We always begin with How. The ‘’How’’ always revolves around the key issue…Where are the keys? Insurance Claims Adjusters ask about the main set and then make sure the warranty books and/or files contain the second set. This …
Dealership insurance should provide the most comprehensive coverage at the lowest cost. We achieve this by controlling claims and utilizing options. But, without the ability to predict the frequency and severity of claims and having procedures in place to control losses, choosing a loss sensitive plan is a lot like going from table to table …
I am often asked the question…’’How far in advance should I work on my Insurance renewal? Thirty days prior to renewal, sixty days, ninety days out?” My answer is always the same. Begin working on it as soon as you bind the current year! Insurance is such a large expense that it needs (and deserves) …
