Why review a policy? A policy is a policy; they are all boiler plate, right? Wrong! There are many boilerplate and standardized policies issued, and knowledge of those forms helps us understand a base... »
A LicataRisk client, a life sciences company, had a unique insurance need, and we applied the creativity to solve it. Umbilical cord blood and tissue has unique medical uses. However the need for t... »
In January we wrote an article entitled How The Insurance Industry Hides and Protects Their Bottom Line — Disrupt How the Game is Played and Take Back Control article here . We sub... »
Consider these scenarios, both seemingly innocent at first glance: Without any discussion, your broker gets you an insurance quote from a second insurer. You call in another insurance broker (other th... »
Our client decided it was time to change security firms. We reviewed the contract with the prospective new firm, and advised that the contract should establish the right to review full copies of the s... »
Just how special is that relationship? “I was only following orders” – while a weak statement in most cases, this is often supported by the courts for insurance brokers. The courts state the dut... »
“I was only following orders.” While a weak statement in most cases, this is often supported by the courts in insurance cases. The courts state the duty of the insurance broker is to do what the... »
Insurance brokers are the sales arm of the insurance industry. They should have a good relationship with the companies that provide the product they sell. But their actions and compensation final... »
A group of about 45 industry executives and their attorneys and CPAs heard the latest in risk management on June 22nd at the Boston College Club in Boston. Discussions concluded with cocktails a... »
Coverage in an insurance policy: is it known and agreed upon by the insured at time of issuance?’ The premium due on a policy is known and agreed. A more important question is whether the coverage ... »
Licata Risk & Insurance Advisors, Inc.
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LicataRisk Advisors is an independent risk management and insurance consulting firm. We are not brokers and we do not sell insurance. We are not connected to any insurance company or product in any way and do not receive commissions. This is an important difference as you will have an expert on your side who is only committed to you.
Licata Risk & Insurance Advisors, Inc.