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.
Ways to Control Risk
In this series, we're taking a high-level look at risk management. In just a few sessions, we will give you a primer on risk management. It won't make you a risk manager, but it is designed to open the discussion about risk, risk management, the place the insurance plays in the process, and how you can better serve your clients.
This session is focused on some of the ways that you can help businesses to control the risks that they face. Join us as Patrick discusses ways to control risks.
How to Identify Risk
In this series, we're taking a high-level look at risk management. In just a few sessions, we will give you a primer on risk management. It won't make you a risk manager, but it is designed to open the discussion about risk, risk management, the place the insurance plays in the process, and how you can better serve your clients.
This session is focused on some of the ways that you can help people to identify the risks that they face. Join us as Patrick discusses ways to identify risks.
CGL Master Class - Policy Limits and Selected Endorsements
In this final session of our CGL Master Class, we will look at how the limits on the CGL policy get used. It may seem straightforward, but when you consider that there are six limits and a loss might touch three of them at once, it begins to get a little complicated. After that, we'll deal with several endorsements that you need to be introduced to because one of your clients might come to you with them on their policy. You need to know how they change the policy and if you need to try and get the endorsement removed.
What is Risk and Risk Management
Risk abounds in life and in business. In this session, we will examine risk, what is it and what does it mean for us? We will then take a look at how risk can be managed and decide on a process for doing just that.
CGL Master Class - Coverage C and Supplementary Payments
What happens when the injury is small enough that $5,000 or $10,000 would pay for the injured person's bill? Do they really have to file a suit against the insured to get that money? That's where coverage C comes into play. This medical payments coverage makes it possible to handle small claims without a lot of issues. When we've handled medical payments, we will examine a part of the policy that provides for money outside of the liability limits to handle other things, like defense.
Join us in session number six in our CGL Master Class.
CGL Master Class - Coverage B and Selected Exclusions
When most of us think about the CGL policy, we think about the bodily injury and property damage coverage (Coverage A), but there's more to it than that. Sometimes we forget that there is also something called personal and advertising injury that is included on the policy. Coverage B, personal and advertising injury, provides coverage for those offenses that are listed in the definition. Join us as we examine what those offenses are and several exclusions that apply to this coverage.
CGL Master Class - Coverage A and Selected Exclusions
When most of us think about the CGL policy, we usually think about bodily injury and property damage. We all understand that there's more to it than that, but that's what we immediately think about.
Join us as we take apart Coverage A in this session. We plan to look at several exclusions and look for ways to deal with those exclusions.
A Few of Our Favorite (and Least Favorite) Commercial Property Endorsements
In this conversation, Academy Director of Education, Patrick Wraight is joined by Friend of the Academy, Casey Roberts. The topic? Endorsements.
We get a look into the minds of these two insurance nerds as they discuss and debate their favorite (and least favorite) commercial property endorsements.
This is certain to be appointment viewing as they discuss endorsements and take your questions.
CGL Master Class - Additional Insured Endorsements
Your clients are signing contracts more often than you ever wanted to know. Many of those contracts come with insurance requirements. Some request indemnification. Others are asking to add the other party as an additional insured on your client's liability policies.
- What is an additional insured?
- Why would someone want to be an additional insured?
- Why would you add someone as an additional insured?
- What does it really mean to be an additional insured?
These questions and more are answered in this third session in our CGL Master Class. Join us as Academy Director of Education, Patrick Wraight digs into the additional insured.
CGL Master Class - Who is an Insured 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 with Patrick Wraight, Director of Education for the Academy in this second installment of our CGL Master Class.