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Wednesday, October 25, 2017

Cranes: Beyond the Boom - Chesapeake Regional Seminar
Event Details
Date(s): October 25, 2017
Time: 10:00 AM  EST - 3:00 PM  EST
Libbie Mill Library, 2100 Libby Lake E Street, Henrico, VA 23230
Event Website:
Organization Details
Organization: IMUA
Contact Email:
Sponsor Information
Sponsor: Chesapeake Regional Advisory Committee
You are invited to join the Chesapeake Regional Advisory Committee as they host a half day course just outside Richmond, VA.  The session will cover the key concerns for underwriting cranes on contractors equipment policies and the claim issues that arise from them. 
This course was presented in New York and available remotely in March 2017.

Cranes: Beyond the Boom
Service Life, Valuation, Amortization & Rigging

Cranes present challenges for inland marine insurers.  There are many variables that affect underwriting and claims--from understanding types and boom values to service life expectations.  This session will examine the important issues for consideration.

History of crane market cycles during the past twenty years.

Crane types, boom values and damage.

Valuation and income/time element issues.  Identifying a "good account" versus a "not so good account".

Claim concerns: repair vs. replace and establishing equipment values.

Rigging: process, types of lifts, rules and regulations.

Case studies.

Presented by:

JR Bristow, President
Bristow Truck & Equipment Specialists, Inc.

David Wood, President
WHECO Corporation

Bill Davis, Risk Engineer

Wednesday, October 25,  2017
10:00am - 3:00pm EDT
(includes lunch, registration begins at 9:30 a.m.)
Libbie Mill Library
2100 Libbie Lake E Street
Henrico, VA, 23230
IMUA Members - $40

Special Thanks to Our Sponsor:
Gen Re

The class has been approved for four (4) CE credits with the Virginia and the Maryland State Insurance Departments.

Online Registration


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