Broker of Record letters are a legitimate tool but they are abused. Broker A told us “I need a broker of record letter to approach Carrier X”. We asked her to send the language required. W... »
At the worst possible time, it looked as though the federal backstop to terrorism insurance (TRIA) might not be renewed. Since then, the renewal bill passed congress and was signed into law. Avoidin... »
This month (Sept, 2014) a federal judge in New Orleans found that BP was guilty of gross negligence in its handling of the oil well that blew in 2010 causing deaths and unleashing massive pollution. ... »
Premium Audits don’t sound exciting; but consistently saving by managing the process — $30,000 here, 50,000 there – is exciting. A workers compensation audit is a mysterious process: the aud... »
How a five page proposal and a friendly handshake to bind coverage morph into a giant pile of fine print, conditions, limitations and exclusions at claim time. Full document here Magic
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Shining a bright light on insurance policy terms and conditions you never knew were in your policy,and would only find out about after a claim, and various other insurance traps. Insurance coverage... »
Licata Risk & Insurance Advisors, Inc.
265 Franklin Street
Suite 1702
Boston, MA 02110
617-451-2140 advice@licatarisk
501 East Las Olas Boulevard
Suite 300/200
Fort Lauderdale, FL 33301
954-836-8020
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 is not a law firm and does not practice law. General advice and contract input by the consultants, including those who are attorneys, is to provide insight into
the risk and insurance aspects. Your attorney should be the final authority on any legal matter.