
11
Determining Insurance
Requirements
‘‘Insurance has become part of the overal l loss prevention plan supporting
proper security ... the more comprehensive the security plan, the lower the
cost of the insurance.’’
—Robert J. Fisher and Gion Green, Introduction to Security, Seventh Edition,
Butterworth-Heinemann, 2004
Having once been employed by what the Wall Street Journal described as ‘‘the
world’s largest insurance brokerage firm,’’ I am aware of just how little I know
about the complex business of insurance. Nevertheles s, working with some of the
industry’s most outstanding brokers and risk managers from a number of Fortune 500
companies does give ...