The Wedgwood Insurance Blog

I’ve written a number of articles on risk and how important it is to take a broader perspective when you look at the risk in your business (or your personal life, for that matter). Categorizing risk as Strategic, Business or Hazard helps us to organize, and come up with ways to create strategies and processes to minimize the actual and potential costs of these risks. There is a need for insurance brokers to provide more than just Hazard Risk solutions (the risk of things happening to your property, vehicles etc;), but lately I’m seeing a disturbing trend that suggest there is still a lot of work to be done, even on the Hazard side of risk.

What happened with the Gerry Rogers/Social Media fiasco last week is a great example what can happen if you don’t understand what is going on with social media. That’s whole topic has been beaten to death so I won’t elaborate more but……

This has been going on for years with many companies and industries, but this particular incident garnered a lot of attention, none of it positive...

One of the greatest urban legends surrounding insurance is the infamous “Act of God”. It’s one of the most common misperceptions along with automobiles that have “Full Coverage” or Home policies that cover “All Risks”. We’ll give you the quick truth on these here and if you want more opinion just keep reading:

You see a statement like that and immediately think of social media, the internet and the lines of communication that tie us all together. But we are also connected in other ways. If you are in a business producing widgets, were do you get the parts to assemble your widgets?