Key Person Insurance

Key Person Insurance Written by Eric Petersen In every dealership, there are a handful of people who make the business run smoothly. Maybe it’s the sales manager who keeps the team motivated, the service director who ensures customer satisfaction, or even the owner...

Why Insurance Is Not Risk Management

Why insurance is not risk management Written by Eric Petersen, CIC “I practice risk management. I buy insurance.” It’s staggering how many times I hear that phrase and unfortunately it is equivalent to “locking our gate is the only thing I can do to prevent theft of...

The Hard Market Is Here

The Hard Market Is Here Written by Eric Petersen, CIC Like most industries, the insurance industry has market cycles. The insurance industry uses the terms “soft” and “hard” to describe the particular economic conditions the industry at large is enduring. As a whole,...

Simplify Risk Management

Simplify Risk Management Written by Eric Petersen, CIC Whether you’ve been following DealeRisk for a while or are fairly new to our monthly business tip, you’ve probably noticed that we like to talk about Risk Management a lot! The main reason is that while as a...