The Business Mentoring Center
The Business Mentoring Center

Corporate Cranium Mentor Articles

Know Your Liquor Liability Exposures

By Gary Sorenson, Insurance Brokers of Minnesota | March 1, 2010

The National Highway Traffic Safety Administration estimates that nearly 13,000 people per year (about 35 per day) are killed in alcohol-impaired driving crashes. Many of these tragic accidents happen after an inebriated person leaves a party.  Did you know that the host of the party can be held liable for injuries and deaths?  Not just a party. Any situation where you provide alcohol to another person or persons. Host liquor liability may be covered under your homeowners’ insurance policy if you, as the host, are held legally responsible for such...

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Why Review Your Life Insurance?

By Gary Sorenson, Insurance Brokers of Minnesota | September 1, 2009

As a boomer myself, I see and realize how important it is in today’s world to plan ahead.  To provide good advice to clients in the proper approach to life insurance.  Read these interesting facts below. Generations at Risk Facts LIMRA International’s life insurance consumer studies. Facts About Life 2008 Many U.S. Households Continue to be Underinsured. One third of adults in the United States carry no life insurance at all. More than 1 in 4 men have no life insurance coverage at all and almost two thirds of men...

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Individually Titled Autos on Corporate Business Auto Policy (BAP)

By Gary Sorenson, Insurance Brokers of Minnesota | July 1, 2009

Autos that are titled in individuals’ names can create significant coverage problems and exposures on a corporate business auto policy. The most basic principle of insurance is insurable interest. When a corporation insures a personally owned auto and pays the premium under their corporate BAP, there is no insurable interest for the insured corporation. In addition, this practice may run afoul of states’ Financial Responsibility statutes, since the owner of the vehicle must show that he or she is financially responsible for injury or damage. This obligation for the titled...

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Laptop Theft is a Growing Business Problem

By Gary Sorenson, Insurance Brokers of Minnesota | May 1, 2009

Forester Research reports that businesses with more than 1,000 employees give laptop computers to approximately 30% of their staff.  Dell reports that 2007 was the first year its revenue from notebooks was greater than that from desktop computers and attributes most of this trend to the corporate PC market. The truly mobile workstation has officially arrived—but not without warts.  According to The Wall Street Journal, millions of laptops are lost or stolen annually, with only one in 20 being found or returned.  About 80% of businesses report losing one or...

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