The Meeting That Every Risk Manager Should Have

Risk managers concerned about insurance exclusions should consider asking their brokers to brief senior managers explaining what exactly the insurance covers and what it excludes, a Willis Towers Watson executive advises. Steve Sachs, co-chair of the Willis Towers Watson Real Estate Practice, tells risk managers after they buy a policy to “have the broker do a policy workshop for you,” Sachs said Monday in an interview. “Have yourself, your general counsel [attend]…and actually go through the policy and go through what it covers and then go through the limitations and exclusions,” said Sachs, who is scheduled to present April 18 at the Risk Management Society’s annual conference in San Antonio, Texas.