Private Client Risk & Resilience

Personal Risk Advisor and CEO of RiskRevu, Kurt Thoennessen, CAPI, and Nadeen Vella, CIC, LIA, CRM  of Navella Insurance connected a short time ago to discuss RiskRevu and enjoyed talking about insurance so much they decided to do a podcast. This conversation covers many aspects of the independent insurance agent model. In this episode we discuss the nuances of the private client space and what High Net Worth means in this space. We also discuss how the definition of high net worth differs depending on the industry. This conversation will be helpful to anyone who is looking to learn more about the private client insurance space and better understand  the benefits of placing coverage with premium insurance carriers. Enjoy!

https://www.navellains.com/

Personal Risk Advisor at Ericson Insurance Advisors and CEO of RiskRevu, Kurt Thoennessen, CAPI, and Nadeen Vella, CIC, LIA, CRM of Navella Insurance connected a short time ago to discuss RiskRevu  for her scratch agency and enjoyed talking about insurance so much they decided to do a podcast. This conversation covers many aspects of the independent insurance agent model. In this discussion, Nadeen brings clarity to each of the different sales models that insurance companies use to sell their product. The direct model, the captive agent model and the independent agent model.  This conversation will be helpful to anyone who is looking to better understand the differences among these sales models and help them see why the the independent agent channel is the superior model. Enjoy!

https://www.navellains.com/

Personal Risk Advisor and CEO of RiskRevu, Kurt Thoennessen, CAPI, and Jennifer Garland Ross, CEO of Art Peritus and Sharikay Sloboda, Director, People, Strategy & Business Development at Art Peritus sit down to discuss the role that project management plays in managing valuable collections. They also discuss best practices for protecting valuable art and antiques before and after a loss. The topic of crisis management is also one that is talked about as it relates  to valuable collections. This is a great episode for those interested in learning more about managing the everyday aspects of owning valuable articles to managing the crisis situations that need quick thinking and quick access to specialized resources. 

Personal Risk Advisor and CEO of RiskRevu, Kurt Thoennessen, CAPI, talks with CEO of Prime Insurance Company, Rick Lindsey about his thoughts and approaches to insuring hard to place risks. The conversation spans the role of the agent in balancing the scales of justice to customizing coverage to make "Happy Customers." Rick offers his thoughts on how agents and carriers can improve the insurance industry to help eliminate lawsuits and ensure customers are well taken care of at the time of a claim. 

In this episode, Personal Insurance Advisor at Ericson Insurance and CEO of RiskRevu, Kurt Thoennessen, CAPI, talks with Kevin Madden of AMWINS about the critical role  the Excess and Surplus Lines insurance market plays in our economy. This discussion explains what the Excess and Surplus Lines market is, how agents, individuals and businesses interact with it, as well as many details that will help you navigate this area of insurance. Kevin is an insurance industry veteran and he shares some amazing information during this episode. I hope you enjoy it and learn a lot from him. Thank you for listening! 

Tim Hogan is a 30 year veteran of the HNW insurance space. During this episode of the Private Client Risk & Resilience podcast, Tim brings his amazing perspectives from being a high net worth underwriter and consultant to our conversation. We discuss how the dynamics of natural disasters and and non-weather related losses have impacted the insurance markets and the advice that brokers give their clients. We also discuss the value that a HNW insurance specialist can bring to a client who has significant assets.


Resources mentioned:
www.fema.gov
Riskrevu.com
Valchoice.com
SERFF.com
Peryls.com

In this episode, Kurt Thoennessen talks with VP of Global Private Client Business Development for Hagerty Insurance Company, Trent Abbott. The conversation delves in the mindset of car collectors, shares details about some of the world's most amazing collector car events and collections, covers the different situations car collectors are faced with, and of course discusses insurance issues that car collectors may experience. We explore the breadth of products that Hagerty offers and the value added services they are offering from their collector car valuation tool to the social events they are sponsoring to bring collectors together. If you are looking to get into the mind of a car collector and understand collector cars as an asset class then this episode will give you the knowledge you seek. It will also help you better understand many of the insurance issues that car collectors face when building their collections. 

Email Kurt Thoennessen at [email protected] to receive a FREE copy of Teresa Leigh's 14 risk management questions to ask when hiring domestic employees. 

1. Introduction - Fritz Barjon of Highland House USA - 3:55
2. Kidnap and Ransom Insurance as a Contract Requirement - 6:40
3. Step 1 after a Kidnapping - 10:35
4. Fritz Shares a Personal Story Involving Kidnapping - 13:00
5. What is a Virtual Kidnapping? - 15:27
6. COVID19's Impact on Kidnapping - 16:38
7. Fritz Shares Another Personal Story Involving Kidnapping - 17:55
8. How to Prepare for Kidnapping - 20:40 
9. (Websites mentioned: Travel.state.gov, https://www.controlrisks.com/, https://thinkhri.com/, https://www.s-rminform.com/)
10. What is an Express Kidnapping? - 21:45
11. The Value of an Insurance Broker - 23:00
12. Factors that Elevate Your Risk - 24:00
13. Statistics - 28:00
14. Who Should Have Kidnap and Ransom Coverage? - 29:00
15. Example: Lady Gaga's Dogs Being Kidnapped - 31:12
16. Financial and Human Capital - 33:50
17. How To Purchase a K&R Policy? 35:00
18. Difference Between a K&R Policy and Coverage Through an Endorsed Home or Travel Policy - 36:45
19. Final Thoughts From Fritz - 41:26
20. How to Contact Fritz - 46:50

Our guest for this episode was Fritz Barjon of Highland House USA.  Thank you for sharing your thoughts and expertise with us Fritz!
[email protected]
www.highlandhouseusa.com

Click the link below to complete a short form to obtain a Kidnap and Ransom insurance proposal from Kurt and Fritz.

Kidnap and Ransom Insurance Proposal Form

Podcast Overview:
In this podcast, Mariel Devesa of Phyn provides an in depth overview of the Phyn automatic water shutoff valve device, Phyn Plus, and how it is helping homeowners prevent major water damage from leaks and how it allows homeowners to contribute to our planet's water conservation efforts.

Podcast Highlights:

• Less than 2% of homes have a water leak detection system in place today. 
• 10% of the water used in a home is lost to leaks from dripping faucets, leaking toilet flappers, etc.
• 1,200 gallons per day is lost on average from a leaky toilet flapper. That is enough to fill an average size swimming pool. 
• 70% of the Earth is covered by water, but only 3% of that is drinkable. Of that 3% only 1% is accessible. 
• Today there are 8 billion on the planet earth. By 2100 there will be approximately 11 billion people and 2 out 3 people will experience a shortage of water. 

Featured Guest:
Mariel Devesa
Global Head of Business Development at Phyn
[email protected]

Discount on the Phyn Device for Private Client Risk and Resilience Podcast Listeners.
phyn.refr.cc/kurtthoennessen