When insuring data centers, agents need to address the risks tied to both the physical facility and the technology systems, as exposures often extend across both cyber and technology errors & omissions coverage.
Too often, conversations center primarily on investment strategy and estate planning. But there’s also real risks that come with a wealth transfer.
An insured owns a marina. During the course of operations, they will tow a non-owned trailer, with or without the boat on the trailer. The towing will take place on the marina’s property but will occasionally cross a public road. The insurer will not give the agency a definitive answer about coverage.
The cost of avoiding critical conversations is real and tangible, particularly if the stakes are high, opinions differ and the outcome is uncertain.
Most insurance intake tells agents what products a person is looking for. But what kind of conversation is the shopper actually ready to have?
A commercial insured has been served with benzene exposure lawsuits, with exposure going back to the 1980s. Should the agency put the general liability carrier and excess general liability carrier on notice at the time of first notice of loss? The insured has switched carriers over the decades.
The system goes live and the project is declared a success. But then, six months later, someone asks: Is anyone actually using it?
As compensation structures become increasingly sophisticated, a process that is difficult to follow or lacks clear communication will erode the broader relationship.
The liability exposure brought by artificial intelligence (AI)-enabled tools often isn’t recognized until a claim emerges. Here’s how to uncover the AI risks that traditional reviews often miss.
The garage liability carrier is declining to pay for the third-party damage, saying the garage liability policy is excess for any non-owned vehicles and that the customer’s personal auto policy should pay.
