Patrick Wraight
Patrick is the Director of Education at Insurance Journal’s Academy of Insurance, bringing together his deep industry know-how and love for teaching. He began his insurance career as a commercial underwriter for an MGA, focusing on niche markets like fire departments, ambulance companies, and home medical equipment dealers. It didn't take long for him to discover his knack for educating others, and soon he was designing and rolling out a new underwriter training program. He then became a trainer at one of Florida’s largest property insurers, training underwriters, agents, and claims professionals.
Patrick has written numerous articles for Insurance Journal and My New Markets and is the co-author of Risk-Proof Your Business - The Complete Guide to Smart Insurance Choices. He speaks to audiences online and in-person all over the United States, including insurance professionals, the insurance curious, commercial lending professionals, and insurance executives from other countries. He is a collector of industry designations, including CPCU, ITP, CIC, and CRM, highlighting his dedication to lifelong learning.
When he's not immersed in the world of insurance, Patrick loves hitting the road with his bride, spending time with his family, and helping his adult sons navigate the rollercoaster ride of adulthood.
CGL Master Class - Liability Exposures
The CGL policy can be complicated. What's the difference between Coverages A, B, and C? What liability exposures are covered?
In this first session of our Commercial General Liability Master Class, we will examine the different liability exposures that a business may face and then look at how the CGL policy might respond to those exposures. Spoiler alert. Sometimes, they aren't covered and the client will need another policy.
Join us as Academy Director Patrick Wraight begins the Commercial General Liability Master Class with this session about liability exposures.
2020 ISO Commercial Auto Changes
Change happens more often than we are comfortable with. It also seems to come along just when we get used to a particular policy form. Well, in 2020 ISO released updates to the Commercial Auto program. Join us as Academy Director Patrick Wraight walks us through the changes and helps us answer the question: what's with these changes and how can I help my clients understand them?
Commercial Property Master Class - Selected Endorsements
We know that the ISO Commercial Property Policy includes an exclusion for ordinance or law. Did you also know that there is an endorsement designed to provide the coverage to fill this exclusion? Did you also know that you can endorse flood as a covered cause of loss onto the commercial property policy? Join us as Academy Director, Patrick Wraight helps us with these and other endorsements.
Commercial Property Master Class - Causes of Loss Forms, Exclusions
One of the first questions that must be addressed in the event of a property loss is what caused the loss?
After the cause of loss is determined, the next question is whether that cause of loss is a covered cause of loss.
In this session, we will dive into commercial property causes of loss forms to discover the difference between a covered cause of loss and an excluded cause of loss and find ways to change them.
Commercial Property Master Class - Additional Coverages, Coverage Extensions, and Optional Coverages
The ISO Commercial Property Policy includes coverages that are not the main coverages but are in some ways just as important as building and business personal property.
This session walks through those other important coverages, such as debris removal, outdoor property, and replacement cost valuation.
Commercial Property Master Class - Covered Property and Property not Covered
When the insured has a commercial property policy, one of the biggest question, is what is actually covered?
Is all of the property that they might own covered?
How do we know what is covered and what isn't?
Is there a way to change what property is covered and what isn't covered?
Commercial Property Master Class - Commercial Property Policies, Policy Structure
Which policy does an office building need?
Does a Condo Association policy need different policies if its a residential condo, or an office condo?
What about Business Income? Is that a different policy, or is it part of another policy?
Join us in the fourth session of our Commercial Property Master class as Academy Director, Patrick Wraight introduces us to the different commercial property policies available, when you might need them, and how they're put together.
Commercial Property Master Class - COPE - (Protection & Exposure)
Join us for the third session in our new Commercial Property Master Class, COPE (Protection & Exposure).
In this session, we will make an in-depth examination of the ways a commercial building can be protected from fire, both from internal building characteristics and external community characteristics.We will also discover why we care what buildings are nearby the insured building and what's going on in those nearby buildings.
Who is an Insured on the CGL and Why Do You Care?
Is the new employee that decided to take a swing at a customer an insured on the company's CGL policy?
Is there coverage if an employee takes action to protect property and injures someone in the process?
Join us as we explore who is an insured on a CGL policy.
Essential Insurance Terms and Concepts
Why is it called property and casualty insurance when you buy a property policy and a liability policy?
What is reinsurance?
What do you mean they had the wrong class code?
Audit? What is this? The IRS?
The insurance vocabulary is as full of gobbledegook as any other industry is. We believe that insurance professionals fall into two categories: the ones that think everyone understands them, and the others that pretend to understand their peers.
That's what this session is about. We plan to cover the most essential insurance terms and concepts that you will need to understand so that you can carry on conversations.