Warehouse Legal Liability-Warehouse Legal Liability

Video Transcription

Video Summary

The video covers the importance of underwriting warehouse legal liability, focusing on analyzing warehouse receipts, assessing liability exposure based on contractual obligations, evaluating fire and theft risks, and mitigating catastrophic perils. John discusses fire protection in warehouses, emphasizing understanding sprinkler systems' design parameters and common problems encountered. It also touches on the importance of policy clarity regarding warehouse receipts to prevent disputes and ensure comprehensive coverage. The complexities of warehouse legal liability, including contracts, insurance coverage, standards of care, and responsibilities in case of losses, are highlighted for effective claims handling. The need for clear documentation, communication, and proactive measures after a loss to protect property and mitigate liabilities is emphasized. The audience is engaged with interactive elements discussing legal and insurance issues related to warehouse operations.

Asset Caption

Date of Publication: June 23, 2021
Duration: 3.5 hours

Presented by the Chesapeake Regional Advisory Committee

This half-day seminar covers who needs WLL including types of bailees and operations, underwriting WLL, contracts and forms, fire protection, managing storage capacities, and more.

Presented by:
Jon Mosby, AVP-Underwriting Manager, Inland Marine - AXA XL
John Frank, SVP, Loss Prevention, Risk Consulting - AXA XL
Jean Gardner, CEO - Central Analysis Bureau
Teresa Dooley, Associate - Casey and Barnett, LLC

Meta Tag

Module Warehouse Legal Liability

Keywords

underwriting warehouse legal liability

warehouse receipts analysis

liability exposure assessment

contractual obligations

fire and theft risks evaluation

catastrophic perils mitigation

fire protection in warehouses

sprinkler systems design parameters

policy clarity

comprehensive coverage

warehouse legal liability complexities

insurance coverage

standards of care

claims handling

documentation and communication