Blog Archives - SandRun Risk

Late Notice is Costly – Just Ask Harvard University

2/27/2023

Don’t make the mistake that Harvard did. It cost them $15 million in insurance coverage.

The Future of Corporate Risk Management: Part III – Why Do We Focus on Failure?

2/27/2023

Historically, the corporate risk management department has been based on the partnership engagement model in that the department was viewed as an adjunct function that supplied ancillary services to the core business. A core tenet to this approach is the mindset that the sole purpose of risk management is to prevent bad things from happening and to address the financial consequences of bad things happening, usually through insurance. This article explores how this model can be improved upon and, more importantly, how corporate risk management departments can become an indispensable partner that contributes to the success and productivity of the organization.

Guest Essay: It’s So Simple: Seven Steps to Creating a Community Captive Insurance Company

2/27/2023

Todd Welch joins us to discuss how insurance and risk management functions best when it is a community of practice developed and nurtured by business leaders and groups who know and trust each other. This first of seven articles on community risk management and captive formation explains the history of insurance and society’s need for better ways to manage and share risk.