Insight and solutions for controlling and even reducing workers compensation costs and premiums. This book will pay for itself over and over again. Whether you are seeking to overhaul your own workers compensation program or help a client fine-tune an already effective program, Blueprint for Workers Comp Cost Containment gives you insight and solutions for controlling or even reducing workers compensation costs and premiums. Drawing upon his 20 years of safety and claims management experience, author Martin F. McGavin gives practical, real-world advice that risk managers, HR managers, insurance buyers, insurance producers, and consultants can put to immediate use.

Blueprint for Workers Comp Cost Containment

Business & Money

Martin F. McGavin

Management & Leadership

International Risk Management Institute, Inc.

Learn what it takes to establish a successful captive insurance company one that sets the standard and withstands the test of time. Author Kathryn Westover has set up and managed more than 50 successful captives during her 20-plus years of experience. This book explains how captive insurance is used and outlines the decisions and actions that must be made to structure and operate a captive insurance program that withstands market cycles. When the first edition was printed, buyers of property and casualty insurance were still dealing with the impact of a hard market. The second edition arrives at what may be the tail end of a prolonged soft market cycle. Which type of captives survived the last few years? What are the new types of captive programs that have been developed since the last hard market? How has the increased focus on board responsibilities for corporate governance and transparency impacted captives? The book has been expanded to address these questions with an additional "accepted practice" specific to how captives invest their assets and a case study that shows how successful captives adapt to a changing operating environment. For the newcomer to captive insurance, there is also a new introduction that defines captive insurance and its purpose and provides an overview of the different types of captives. If you are wondering, "Is my captive being operated in such a way as to meet my (or my client's ) business objectives?" this book is for you. Learn what it takes to establish a successful captive insurance company, one that sets the standard and withstands the test of time!

Captive Practices and Procedures

Kathryn A. Westover

This book will help you understand what captive insurance is, and why it is used in the risk management process. It reveals the types of risk that can be handled by captives, why captives can be effective as a risk management tool, tax and accounting considerations, how to determine if a captive is feasible, how to choose a domicile, and how to manage and operate a captive. Westover will guide you to answer the question every risk manager should be able to answer (or every broker should be able to explain for their client): "If I have a captive, why? If I don't have a captive, why not?"

Captives and the Management of Risk

Kathryn Westover

Book by International Risk Management Institute

Glossary of Insurance and Risk Management Terms

Anon`

Insurance

Implementing a wrap-up or owner controlled insurance program (CIP) for construction projects is an increasingly common approach for improving project safety, reducing the cost of risk, and assuring all contractors are covered under a broad liability insurance program. Fourteen construction risk and insurance professionals contributed to this edition, providing a balanced treatment of the perspectives of both wrap-up sponsors and contractor participants. It discusses the essentials of a feasibility study, coverage approaches, contract provisions, CIP documentation, and administration.

The Wrap-Up Guide

Bird, Gary

The Glossary of Insurance and Risk Management Terms is your personal interpreter of 2,800 key insurance and risk management terms. The terms are written in plain English with a focus on practical application. This popular Glossary of Insurance and Risk Management Terms gives you quick answers to questions involving unfamiliar terminology used in insurance specifications and proposals, risk management reports, and other written documents you receive. It also can help you write more effective reports to management by explaining the subtleties behind the jargon. Your support personnel also will find it useful as both a practical manual and a training guide. In addition to defining 2,800 terms, the IRMI Glossary: Cross references to specific sections in your IRMI manuals Provides directory of important organizations and regulatory offices Contains a unique glossary of more than 860 frequently used abbreviations and acronyms.

IRMI Glosssary of Insurance and Risk Management Terms Eleventh Edition (2007)

Irmi

Written for both experienced and new insurance professionals, this book provides a comprehensive overview of how the claims process is handled, controlled, and managed, and its interrelationship with other functional departments. Nonclaim professionals will gain a better understanding of how to improve profitability through effective technical claims handling and claim management (including proper caseloads), and recognize when and why a claims operation or TPA is not meeting industry quality standards.

Claims Operations: A Practical Guide

Michael T. Murdock CPCU ARe ARM ACI ASLI

Most insurance, risk management, and legal professionals are never taught the proper way to read and interpret an insurance policy, discover drafting errors, or correct poorly worded policy language. Unfortunately, this lack of training results in surprise coverage denials, missed opportunities when reviewing competitors policies, damage to professional reputation, lost clients, and bad faith or other legal claims that could have been avoided with accurate insight. Recognizing that you, your team, and the industry need some help on this front, IRMI has responded with a new edition of How To Draft and Interpret Insurance Policies. This working tool guides legal and risk professionals step by step through the process of interpreting existing policy language, from applying a basic coverage analysis, to looking for overriding concerns, to understanding advanced coverage issues like the reasonable expectations doctrine. How To Draft explains what to look out for in terms of words, phrases, punctuation, and formatting, along with the negative and positive implications of specific wording. The knowledge and insights in this powerful book will improve the ability of any legal or risk professional to quickly and correctly determine how a policy does or does not apply to a claim scenario or to draft bulletproof policy language that clearly conveys coverage intent.

How To Draft and Interpret Insurance Policies, 2nd ed.

Kenneth S. Wollner J.D.

Richard J. Scislowski J.D. CPCU

W. Jeffrey Woodward CPCU

Reference

Written by highly regarded insurance experts, The Builders Risk Book provides key insight and practical guidance into a number of cutting-edge areas, such as delay coverage and green construction, that are barely touched by most other publications. Builders risk insurance is the backbone of every construction project's insurance program because it provides a means for critical funding to quickly repair damages following a loss and get the project back on track. With so much at stake, those who develop, underwrite, sell, and purchase such policies need authoritative resources to guide them in structuring builders risk policies and coverages that adequately respond to stakeholders' needs. The Builders Risk Book delivers with an understanding of the laws governing builders risk insurance, knowledge of the risk exposures and contract requirements that must be satisfied, and specific advice for structuring the best coverage terms. Written by highly regarded insurance experts, it provides key insight and practical guidance into a number of cutting-edge areas, such as delay coverage and green construction, that are barely touched by most other publications. Helpful all the way from groundbreaking through final closeout of the project and beyond, The Builders Risk Book also offers a myriad of suggestions for avoiding the pitfalls experienced by others, based on the authors' analyses of well over 100 cases (cited in the book) and their own personal experience.

The Builders Risk Book

Steven A. Coombs CPCU ARM

Donald S. Malecki CPCU

The MCS-90 endorsement is a highly misunderstood and increasingly litigated one-page endorsement required by the Motor Carrier Act of 1980 to be attached to auto insurance policies. Its purpose is to certify that the insured maintains a minimum level of financial responsibility for compensating others for loss arising from pollutants released in an auto or truck accident. The most obvious category of businesses that need this endorsement is truckers of all types. Additionally, however, it is often needed by others with vehicle fleets (i.e., private carriers). This IRMI book will open your eyes to the many potential pitfalls, coverage traps, underwriting concerns, and claims issues lying under the surface of this seemingly innocuous endorsement. If you buy insurance for, sell insurance to, or underwrite insurance on commercial vehicles, you should read this book to stay out of hot water. Adjusters and attorneys working with trucking and environmental claims will also find it invaluable.

The MCS-90 Book

Gregory G. Deimling

Kathleen J. Robison

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Books by International Risk Management Institute, Inc.