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(888) 540–7604

Austin & Stanovich Risk Managers, LLC
1174 Main St.
Holden , MA

William K. Austin

Principal


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

Mr. Austin is cofounder and principal of Austin & Stanovich (A&S) 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 provides fee-based services which include:  coaching risk managers with goal and objective setting;  assist in creating/implementing risk management business plans;  "rent-a-risk manager" outsourcing; insurance program reviews;  insurance program structure assistance; and technical support to insurance agents and brokers. He is an experienced 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 US 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 austinstanovich.com as a "Notable" website in the category "Risk Management Information" in its "2003 Best of the Web" edition.


Articles

Risk Management

Planning: An Overlooked Risk Management Technique

October 04, 2024 | William K Austin

Property Insurance

Insurable Interests and Interests Insured in Property Insurance

December 12, 2023 | William K Austin

Property Insurance, Time Element

Property Insurance: Coinsurance

November 16, 2018 | William K Austin

Property Insurance

Analyzing Nonstandard Cyber and Privacy Insurance Policies

October 01, 2014 | William K Austin

Property Insurance

Utility Service Interruption: Another Aspect of Supply Chain Exposures

April 01, 2013 | William K Austin

Property Insurance

Builders Risk Insurance: Is It Always Necessary?

November 01, 2012 | William K Austin

Property Insurance

Equipment Breakdown—More Than Just Boiler and Machinery

September 01, 2011 | William K Austin

Time Element

Supply Chain Exposures—What It Means to a Risk Manager

May 01, 2011 | William K Austin

Time Element

Limiting the Interruption in Business Interruption

October 01, 2010 | William K Austin

Property Insurance

Crime—Getting More Out of the Policy

April 01, 2010 | William K Austin

Property Insurance

Property Insurance Resolutions for 2010

January 01, 2010 | William K Austin

Property Insurance

First-Party Insurance for Cyber Risks

October 01, 2009 | William K Austin

Property Insurance

Cyber Risk—Data Damage and Destruction beyond the Naked Eye

July 01, 2009 | William K Austin

Property Insurance

Crime Insurance—The Other Property Policy

March 01, 2009 | William K Austin

Property Insurance

Concerns and Resolutions for Property Risk Management in 2009

January 01, 2009 | William K Austin

Property Insurance

Hurricanes, Tropical Depressions, and Floods—Oh My!

October 01, 2008 | William K Austin

Property Insurance

Pollution Events—An Insured Peril in Property Insurance?

April 01, 2008 | William K Austin