Insurance companies often use the words “tendering” a claim. They argue that policyholders must “tender a claim” by using exactly the right words in order to obtain coverage under the insurance policies. Specifically, they argue that until the claim is “tendered,” they do not have a duty to defend the policyholder.
1 Comment
Until the 1990s, few business leaders thought of risk management as something broader than the procurement and administration of corporate insurance. In this article, we explore the origins of the new field known as Enterprise Risk Management (“ERM”) and the value of the traditional risk management community to ERM.David Gauntlett joins us for a conversation on the intersection of intellectual property, insurance and risk management. In Part I, David shares his background and learnings from working in this field since the early 1980s. |
AuthorsLori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles. Categories
All
Archives
March 2023
Categories
All
|