Annual Meetings-Lessons from Losses moderated by Ron Castellanos, Selective, - Sam Robertson, Aspen Re, on Warehouse Legal Liability

Lessons from Losses moderated by Ron Castellanos, Selective, - Sam Robertson, Aspen Re, on Warehouse Legal Liability

Pdf Summary

The document discusses a presentation by Sam Robertson of Aspen Re regarding lessons learned from warehouse legal liability losses. The presentation outlines a case study of a 3PL provider in Tennessee servicing clients in apparel, sporting goods, and small appliances. The warehouse had gross receipts of 720,000 and legal liability limits of 2,000,000 with facultative reinsurance. The discussion highlights the importance of the Warehouse Legal Liability Policy Form in limiting operator liability to customers.<br /><br />Key takeaways include understanding the actual values at risk, the significance of coverage limits, and the inclusion of additional coverages. The document also features a poll on legal liability limitations and values at risk. IMUA, the Inland Marine Underwriters Association, is mentioned as a resource for education and information related to commercial inland marine insurance. IMUA provides resources for underwriters, loss control specialists, and claims professionals in the insurance industry.<br /><br />In conclusion, the document emphasizes the importance of understanding legal liability in warehouse operations and the significance of proper insurance coverage. It also underscores the role of organizations like IMUA in providing valuable information and resources for the insurance industry. Through case studies and educational resources, professionals can enhance their understanding of risks and exposures in the commercial inland marine insurance sector.

Asset Caption

Presented by:
Sam Robertson, Aspen Re, on Warehouse Legal Liability

Keywords

Sam Robertson

Aspen Re

warehouse legal liability losses

3PL provider

Tennessee

apparel

sporting goods

small appliances

Warehouse Legal Liability Policy Form

IMUA