Every CFO should ASK these QUESTIONS about insurance ANNUALLY. Your PERSONAL ASSETS are on the line, if you're wrong. 1. How comprehensive is our coverage? → Why it matters: GAPS can lead to costly UNINSURED losses → What to listen for: Analysis of HOW your actual risk EXPOSURES are COVERED → Red flag: If your broker doesn't explain the EXCLUSIONS in your policies… 2. What's our claims history telling us? → Why it matters…underwriters think: PAST claims can predict FUTURE ones → What to listen for: TREND analysis and risk MITIGATION strategies → Red flag: If they HAVEN'T REVIEWED your claims in detail 3. Are our limits adequate for our risk profile? → Why it matters: UNDERINSURANCE can be CATASTROPHIC! → What to listen for: BENCHMARKING against industry PEERS → Red flag: If they CAN'T JUSTIFY your current limits 4. How are we addressing emerging risks? → Why it matters: NEW THREATS require PROACTIVE protection → What to listen for: REGULAR risk assessments and POLICY UPDATES → Red flag: If they're NOT DISCUSSING new coverage options 5. What's our total cost of risk? → Why it matters: PREMIUMS are just ONE PART of the equation → What to listen for: Analysis of RETAINED LOSSES, ADMINISTRATIVE COSTS → Red flag: If they focus SOLELY on premium reduction Want a THOROUGH REVIEW of your insurance program? P.S. Hit the dislike 👎 button if the all caps were annoying today! Haha And follow me Mark Flippen for more daily insurance tips!
The all caps definitely caught my attention! But the detailed breakdown is solid. Great reminder for CFOs—comprehensive coverage is everything when personal assets are at stake.
Great content as ever Mark Flippen, the CAPS are 🎯🎯🎯
Founder @ Alchemy Content Lab | We help MGAs, Insurance Agencies and Brokers create industry niche content that builds trust, attracts "Dream Clients", and drives revenue growth | "Riches In The Niches" Podcast
2mo(yes, I read to the end) 😁 content was amazing as always and incredible value. CAPS slightly annoying but the English accent AI voiceover takes it. I’d rather hear you or Natasha do the voiceover, lol.