Profitably Underwriting Warehouse Legal Liability-Profitably Underwriting Warehouse Legal Liability

Video Transcription

Video Summary

In the video transcript, Jack Gould presents a webinar on profitably underwriting warehouse legal liability. He emphasizes the importance of understanding warehouse receipts and contracts in determining coverage, as well as evaluating various factors to assess risk levels. The webinar covers different types of warehouses, such as private, public, and bonded, and classifies warehouses based on commodities and services provided. Jack discusses the concept of bailments and the legal responsibilities associated with storing goods for others. He delves into topics like cold storage, controlled atmospheric facilities, and processing activities, stressing the need for proper valuation and contract analysis for accurate underwriting. Jack highlights the importance of evaluating compliance with the Uniform Commercial Code and assessing risks related to high-value or high-target commodities. Additionally, he addresses the role of insurance in mitigating risk and provides insights on pricing strategies and coverage extensions for warehousing operations offering value-added services. The webinar closes with a Q&A session, covering a range of questions related to underwriting considerations, deductibles, customer awareness of facility risks, and coverage for processing activities. Throughout the presentation, Jack provides detailed guidance on underwriting warehouse legal liability to ensure comprehensive risk assessment and coverage adequacy.

Asset Caption

Date of Publication: May 1, 2019
Duration: 67 minutes

Warehousing is a tricky business and its exposure to legal liability is broad, uncertain and complex. This session focuses on the key fundamentals for profitability.

Meta Tag

Module Transportation

Keywords

Jack Gould

webinar

underwriting

warehouse legal liability

warehouse receipts

contracts

risk assessment

commodities

bailments

insurance