2 September 2015 Building Scalable Insurance Programs For Each Growth Stage of a Entrepreneurial Company.

Slides:



Advertisements
Similar presentations
Pension Fund Trustees Liability Ncedi Mbongwe. Introduction to Camargue Underwriting Managers Established in 2001 Underwriters: Mutual and Federal and.
Advertisements

Managing Risk in Academic Placement Agreements Joseph C. Risser, CPCU, ARM-P Director, Risk Management California Polytechnic State University.
Section 34.2 Handling Business Risks
BACKGROUND  Hawkes Bay Holdings/Aquila Underwriting LLP  Established 2009 utilising Lloyd’s capacity: Canopius % Hiscox 33 50% to May 2010, replaced.
Created by the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants CPA Mobilization Kit: Small.
Insurance. Business Insurance Running a small business involves a significant investment. Business insurance protects your investment by minimizing financial.
Chapter 14 Risk Management.
Educating students to shape their lives, their professions, and their societies. Foreign Travel Insurance Program
BUS 212 RM&I Insurance Spring 2006 copyright, SJH Minimizing the Risk of Operating a Small Business Insurance.
1 TIM ALLAN Insurance Advisernet Australia Pty Ltd.
© 2013 ARTHUR J. GALLAGHER & CO. | BUSINESS WITHOUT BARRIERS™ Going Global ….what to know about foreign insurance and risk management Greg Hunter, ARM.
E. PLANNING AND PREPARING TO MANAGE A SMALL BUSINESS Explain methods of dealing with business risk Explain business risk.
Protection Detail: Insurance Coverage in 2012 Presented By: Nezih Hasanoglu and Kim Singleton M3 Insurance Solutions for Business.
Click here for Game Rules & InstructionsClick here for Game Rules & Instructions: Copyright.
Business Insurance Types of Business Insurance Theft Insurance: theft of equipment and stock Fire Insurance: damage to premises, equipment and stock.
Insurance Coverage for IT Security Breaches International Technology Law Association San Francisco, CA – May 4, 2006 Steven Brower Stephan Oringher Richman.
WHAT EVERY RISK MANAGER NEEDS TO KNOW ABOUT DATA SECURITY RIMS Rocky Mountain Chapter Meeting Thursday, July 25, :30 am – 12:30 pm.
March 15, Insurance Seminar Penn Biotech Group.
Non Physical Business Interruption Malcolm Randles, Underwriter, Kiln Syndicate February 2011.
Chapter 8 In-Class Notes. Background on Insurance and Managing Risks Types of insurance Property insurance (auto and home insurance) Health insurance.
RISK MANAGEMENT. RISK IS INEVITABLE  From your research of local businesses, what Risk was unavoidable and why?  Speculative Vs. Pure Risk  Speculative=
Insurance for Friends Groups What you Need and Why the Groups needs Insurance PROPERTY Business Income Directors & Officers insurance Business Liability.
AUGUST 25, 2015 Cyber Insurance:
RISK AND INSURANCE. RISK The chance of loss –Speculative Risk –Pure Risk.
November 6, 2013 BioUtah Summit Insurance 101 and Risk Management Keys for Life Science and Medical Device Companies What does insurance really.
AB209 Small Business Management
GS §115C F (c) (1) The board of directors of a charter school may sue and be sued. The State Board of Education shall adopt rules to establish.
RISK MANAGEMENT : JOURNEY OR DESTINATION ?. What is Risk? “ Any uncertain event that could significantly enhance or impede a Company’s ability to achieve.
. E-Business Risk and Insurance.
Tamra Pawloski Jeff Miller. The views, information, and content expressed herein are those of the authors and do not necessarily represent the views of.
{ Risk Management Entrepreneurship/Marketing.  Managing risk that may affect your business or your lifestyle.  Types of Risks  Crimes  Robbery, employee.
PROTECTING YOUR CHURCH MINISTRY Protecting Your People, Ministry and Buildings.
Establishing the Legal Foundation
Data Security & Privacy: Fundamental Risk Mitigation Tactics 360° of IT Compliance Anthony Perkins, Shareholder Business Law Practice Group Data Security.
Restaurant 1. 2 There are several different types of restaurant classifications, including: Family Style Fine Dining Fast Food Buffet.
 The forecasting and evaluation of financial risks  Identification of procedures to avoid or minimize their impact. Goals: ▪ Avoid or minimize losses.
Understanding and Taking Risks Presented By: Steve Felker /2011.
Uganda Investment Authority Women Entrepreneurs Network HOTEL AFRICANA, KAMPALA Thursday, March 16, 2006.
Business Insurance Types. Employee Benefit Insurance Group Medical Insurance Group Life and Personal Accident Policy Critical Illness Insurance.
 2003 Arthur J. Gallagher & Co. Contractor Insurance Requirements SMU Safety Fair Dallas, Texas May 21, 2004 SMU Safety Fair Dallas, Texas May 21, 2004.
Lease Accounting. Lease Players Leasing – renting an asset from a third party consistently for “the right to use” the property. Lessor – owner of the.
1  Formal Function  Risk Manager  Environmental Health/Safety  Human Resources  Legal Counsel  Business Officer  Police Department  Press/Public.
The Privacy Symposium: Transferring Risk of a Privacy Event Paul Paray & Scott Ernst August 20, 2008.
Corporate Insurance Needs. What Kinds of Coverage? What kinds of risks does your company have? – Restaurant Food poisoning Slip and fall Choking Parking.
MEDICAL OFFICE COVERAGES. This is a short review over many insurance coverage parts necessary to a doctor’s practice. Not all apply, and there are other.
Retail & Service 1. 2 The Retail & Service industry encompasses a wide variety of businesses. This segment includes: Businesses engaged in selling goods.
Cyber Liability: New Exposures Presented by: Henriott Group © 2007, , Zywave Inc. All rights reserved.
5.02 – Determine Factors Affecting Business Risks
Cyber Liability Insurance for an unsecure world
MANAGING BUSINESS RISKS For the Government Contractor
Minimizing the Risk of Operating a Small Business
5.02 – Determine Factors Affecting Business Risks
4.04 Understand the Marketplace Experience
Risk Management 101.
4.04 Understand the Marketplace Experience
E&O Risk Management: Meeting the Challenge of Change
Risk Management.
Chapter 34 risk management Section 34.1 Business Risk Management
5.02 – Determine Factors Affecting Business Risks
5.02 – Determine Factors Affecting Business Risks
E. PLANNING AND PREPARING TO MANAGE A SMALL BUSINESS
Cyber Issues Facing Medical Practice Managers
Cyber Trends and Market Update
14 Risk Management 14-1 Overview of Risk Management
إعداد القوائم المالية Preparation of Financial Statements
Cyber Exposures The Importance of Risk Identification and Transfer
4.04 Understand the Marketplace Experience
5.02 – Determine Factors Affecting Business Risks
Copyright 2005 Prentice- Hall, Inc.
Wednesday, April 5, 2017 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to protect.
Presentation transcript:

2 September 2015 Building Scalable Insurance Programs For Each Growth Stage of a Entrepreneurial Company

Basic Types of Business Insurance 2

Property and Casualty Life Insurance / Key Person Employee Benefits (Health and Disability)

Key Functions of Business Insurance 4

Claims Protect balance sheet Protect personal assets of Directors and Officers Compliance Statutory Workers Compensation Auto Liability Currency to do business Building and Equipment Leases / Debt and Loan Covenants Customer Contracts Ability to attract outside directors to sit on the board

Risk Exposures Facing Technology Companies 6

Property - EDP Equipment, Networks and Data Fire, vandalism, theft, earthquake, flood, etc. Product Liability and Errors & Omissions “Failure to Perform” resulting in a financial loss to customers Cyber Risk - First Party and Third Party Network Security – unauthorized access, transmission of virus of malicious code, theft/destruction of data, cyber extortion, business interruption Privacy – PII/PHI data exposed by hacker, lost device, rogue employee, physical records Media – Advertising & Personal Injury, infringement of Intellectual Property Intellectual Property Infringement of copyright, trademark, trade dress, patent International Key Person / Human Capital

Building Scalable Insurance Programs 8

Scalability - Key Questions When should a technology company secure Tech Errors & Omissions (E&O) and Cyber Risk insurance? What about the timing of purchasing Directors & Officers (D&O) insurance and what are the key things to look for? International Insurance - what does my company need to know about complying with local country insurance statutes? When should I consider the following insurance products? Employment Practices Liability (EPL) Kidnap & Ransom (K&R) Business Travel and Accident (BTA) Representations and Warranties Intellectual Property and Patent

10

11

12

Diversified Insurance Group Contact Information Spence Hoole, ARM, CIC President / CEO Diversified Insurance Group Tel: diversifiedinsurance.com Kevin Hyer Account Executive Diversified Insurance Group Tel: diversifiedinsurance.com 13

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.