William K. Austin

William Austin writes on commercial property insurance policy and time element issues for IRMI.com.

Mr. Austin is cofounder and principal of Austin & Stanovich Risk Managers, LLC, a national provider of risk management and insurance advisory services. The firm has offices in Massachusetts and Rhode Island, specializing in all aspects of commercial insurance and risk management, providing risk management and insurance solutions, not insurance sales.

Mr. Austin's services include "rent-a-risk manager" outsourcing, program reviews, program structure assistance, and technical support to insurance agents, and brokers. He is an expert witness providing litigation support in complex lawsuits in both state and federal courts with a specialty in property insurance, especially layered programs.

Mr. Austin has a career of increased responsibilities and different aspects of risk management that includes underwriting, brokerage, and risk management. Prior to cofounding A&S, he was vice president and corporate risk manager for FleetBoston, a Fortune 100 financial services corporation and seventh largest U.S. bank. His career experiences provide him with a realistic and strategic view of risk management and the use of insurance. He is a frequent speaker and author on risk management and insurance topics.

Mr. Austin is a graduate of University of Wisconsin-Eau Claire with a Bachelor of Business Administration degree. He is a licensed insurance consultant in Massachusetts, Connecticut, New Hampshire, New York, and Vermont.

Business Insurance recognized www.austinstanovich.com as a "Notable" website in the category "Risk Management Information" in its "2003 Best of the Web" edition.

Articles on IRMI.com

Property Insurance and Time Element

Equipment Breakdown—More Than Just Boiler and Machinery (September 2011)

Supply Chain Exposures—What It Means to a Risk Manager (May 2011)

Limiting the Interruption in Business Interruption (October 2010)

Crime—Getting More Out of the Policy (April 2010)

Property Insurance Resolutions for 2010 (January 2010)

First-Party Insurance for Cyber Risks (October 2009)

Cyber Risk—Data Damage and Destruction beyond the Naked Eye (July 2009)

Crime Insurance—The Other Property Policy (March 2009)

Concerns and Resolutions for Property Risk Management in 2009 (January 2009)

Hurricanes, Tropical Depressions, and Floods—Oh My! (October 2008)

Insurance Property Valuation and Loss Settlement Clauses (July 2008)

Pollution Events—An Insured Peril in Property Insurance? (April 2008)

Insurable Interests and Interests Insured in Property Insurance (December 2007)