Buckeye Dealership Consulting (Buckeye), a leading company specializing in comprehensive reinsurance solutions for the automotive industry, announced today the acquisition of Berkshire Risk Services (Berkshire), an expert provider of collateral risk management for vehicle finance and leasing companies. The merger brings together two industry leaders committed to empowering dealers and finance companies with innovative risk management tools and customized solutions.

The attorney didn’t know what he didn’t know, and neither did the dealer. About a year after that phone call I learned that the “in-house” insurance program was flagged during an exam.

Three decades on, Lee’s caution, “I need you to know what you don’t know,” still the best advice I’ve ever received. The line between expertise and ignorance is an unmarked border beyond which luck replaces skill as the coin of the realm.

Contractual liability insurance exists solely to insure liability assumed by one party to a contract. In other words, a contractual liability insurance policy, or CLIP, merely transfers risk; it can’t create legality where it does not already exist. So, using a CLIP to insure an unlicensed insurance agreement does nothing more than slap insurance over a violation of insurance law.

BHPH United is uniquely positioned to deliver best in class education because of our expertise in all areas of the industry. Our companies believe BHPH United’s total focus on education will provide BHPH dealers with real world, practical, and usable knowledge to achieve their greatest success in an ever changing marketplace.