Personal Insurance Traps

September 6, 2011

I find there’s lots of confusion about the differences between personal and business risks and the insurance claims that can bite you.  “I just sell and train for Amway – I don’t take payments directly so I don’t need extra coverage….” “My broker says my umbrella covers anything that could go wrong….” “I really don’t [...]

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Fourteen More Reasons

August 9, 2011

Last fall there was another horrific auto crash involving a 15-passenger van – notorious for this type of tragedy.  A risk management colleague, Charlie Cox of Aldridge & Cox (http://www.aldrichandcox.com/), wrote a compelling story about the problems and offered several no-nonsense solutions.  He generously offered a link to his article. His recommendations are applicable to [...]

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Great Plans – Unintended Consequences

July 12, 2011

We’ve all heard of the Law of Unintended Consequences.  It’s amazing how it creeps surreptitiously into so many great business plans. Great plans can solve real problems ~  A multi-location retail chain with challenging Workers’ Comp losses decides to set up an incentive plan for store managers.  Fewer losses would mean higher bonuses. An expanding [...]

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Travel Risk

June 13, 2011

School’s out – ready to hit the road?  Want to combine some vacation with business?  Great!  With smart phones, tablets and apps, it’s easier than ever not to miss a beat. What could go wrong? ~ Of course, you’ve heard the horror stories!  There are the rental car fiascos, motel thefts, food poisonings, and on [...]

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Conflicts of Interest Can Eat Your Lunch

May 10, 2011

Recently, a client had an expensive and disappointing experience.  Their Human Resources service provider suddenly had a problem with a difficult employee-related action my client felt obligated to take.  The HR provider apparently did not want to take any responsibility for the difficult decision.  This conflict of interest was a total surprise to my client [...]

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