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Newsletter

CEO & Daughter Killed in Freak Bulldozer Accident

Posted Wed, Jul 17th, 2024
Exceptional Risk Advisors Lloyds of London Coverholder
CEO & Daughter Killed in Freak Bulldozer Accident

Accidental Death Protection

Richard David Hendrickson, the CEO of Lifetime Products, a company specializing in outdoor furniture, and his 16-year-old daughter tragically lost their lives in Utah earlier this month. The 57-year-old executive was driving his family when a mini bulldozer fell off a tow truck traveling in the opposite direction, crashing onto Hendrickson's car. Hendrickson began his career as a welder at Lifetime Products in 1988 and held various positions throughout his tenure. He was appointed President & CEO in 2013. Lifetime Products, a privately held company, known for manufacturing items such as folding chairs, tables, picnic tables, basketball systems, sheds, kayaks, and other household goods, employs over 2,200 people worldwide.

Read the full story here.

How can you protect your clients? Discover the insurance solution below.


Insurance Solution
Accidental Death & Dismemberment
Entertainers

In light of the recent tragic event, we are reminded of the vital role advisors play in protecting the interests of high-net-worth clients. To enhance your clients' safety nets, we invite you to explore a unique avenue that offers unparalleled protection.

Lloyd's of London is an exceptional resource for securing significant levels of supplemental Accidental Death insurance. High-limit Accidental Death coverage is essential for high-net-worth individuals engaged in risky activities, hazardous travel, or those facing estate planning postponements. Imagine executives on a yacht expedition in the Caribbean, thrill-seekers diving into deep-sea explorations, or car enthusiasts racing on professional tracks – our coverage includes these activities and more.

As proud Lloyd's of London Coverholders, Exceptional Risk Advisors is equipped to design comprehensive 24-hour, worldwide coverage. Our plans offer benefit amounts exceeding $100 million per person, demonstrating our dedication to meeting the unique needs of your clients.

Learn More About Accidental Death & Dismemberment Here

Contact us to discuss how we can help protect your exceptional clientele.


Featured Case Study
High Limit Contingency/Event Cancellation
Nationwide Tour

Country Music DuoWe are excited to share a high limit contingency/event cancellation case study involving a popular singer and guitarist preparing for a nationwide tour. In this case, the client was concerned with the loss of the guaranteed income associated with each venue if some or all the concert events could not take place. The guaranteed income from each venue, along with the percentages advanced by promoters, exceeded $10 million. Any event cancellation due to adverse weather, acts of terror, a death in the performer's immediate family, or the artist's illness, injury, or death would have resulted in substantial financial losses for the client and their estate.

Check out the case study to read about the insurance solution that was developed.

Click here to read the full case study

Please feel welcome to share this newsletter & case study with colleagues and your centers of influence.

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Exceptional Risk Advisors, LLC is a licensed insurance producer - CA Licensee Number 0F60601. All products are offered pursuant to the excess and surplus lines laws of each individual state and must be placed through a properly licensed excess or surplus lines broker. These products are not available to the general public, and this website is intended for licensed insurance broker use only. Nothing in this communication constitutes an offer, inducement or contract of insurance. Financial strength and size ratings can change and should be reevaluated before coverage is bound and periodically thereafter. Not all products are available in all U.S. jurisdictions.

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