1. Risk Management & Insurance Presented by Mark Yunker Vice President, RJ Ahmann Company

2. Risk Management & Insurance WHAT KIND OF FUNERAL DO YOU WANT?

3. Risk Management & Insurance 5 Risk Management Steps – Identification – Analysis – Control – Financing – Administration

4. Risk Management & Insurance Risk Management Matrix AvoidRetain TransferReduce

5. Risk Management & Insurance If you fail to identify, you retain Insurance is the worst method of transfer – fortunately for me it is the only method most businesses can afford Contractual transfer is limited by the ability of the other party to pay The PML Concept

6. Risk Management & Insurance Cargo Insurance Limitations – Carrier Liability – Due Course of Transit – Commodity Limitations – Exclusions – Endorsements

7. Risk Management & Insurance Use Your Property Insurance – Transit Extensions – Storage Extensions International Cargo Insurance – Very Broad – Maintain Control