CFO21101. A High-Level Look at Insurance and Risk Management: The Changing Landscape of Risk

Insurance experts will review historically purchased coverages and evolving and emerging risks impacting insurance. The in-depth workshop will cover Cyber, Employment Practices Liability, Workers’ Compensation, and Marine and Transit. The workshop will explore exposure changes due to COVID-19 and catastrophic weather events that are affecting businesses. Presenters will also provide an overall update on the Insurance Market: Hold on to your hats, your premiums and deductibles are going up!

Learning Objectives:

• Recognize evolving risks for catastrophic acts of “Black Swan” property loss events, the need for Replacement Cost Valuation of Property, what Business Interruption really covers, and Virus and Bacteria Exclusions for COVID-19 claims
• Determine effective use of your insurance spend: the need for periodic risk assessment, how much coverage you need, using peer benchmarking as a tool, and when you should consider self-insurance or setting up a Captive
• Identify how to manage risk in a changing environment including the emerging risks due to COVID-19 remote worksites: Workers Compensation, Employment Practices Liability, and Cyber Liability including Extortion