Can a BOP Have Business Income Coverage Without Building Property Coverage?
A commercial lines prospect has a limit on business income and business personal property (BPP), but not on the building.
Technical Knowledge
Insuring a Vehicle Garaged at an Out-of-State Secondary Residence
A high-net worth customer in Pennsylvania would like to leave a car at his secondary home in Oregon. The car would be available to local family members to use throughout the year.
Is There a Coverage Gap When BAP and Umbrella Have Different Renewal Dates?
A pallet manufacturing company has a business auto policy that renews in November and a commercial umbrella policy that renews in April.
5 Foundational Insurance Concepts Producers Need to Know in 2025
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
Protecting Your Agency From an E&O Claim for Inadequate Limits
Inadequate limits are an all-too-common claim in independent insurance agency E&O. And with inflation today outstripping even the inflation guards inserted on some policies, these claims are becoming more frequent.
Commercial Property: Stated Values, Total Limits and Calculating Premiums
Why would premium be charged on values that exceed the limit of coverage?
5 Things to Consider When Determining Business Income Insurance Limits
To accurately calculate a potential business income loss, the costs and added time are much different than they may have been just a few years ago.
Will a PUP Cover a Business Owner’s Liability When BAP Limits Are Exhausted?
In an incident when operating a business-owned and insured vehicle, there was personal liability once the business auto policy paid the full limit.
Setting Building Limits to Include Restoration Contractor Costs
Since the restoration contractor invoice is paid out of the building limit, how can an agent ensure the cost is covered? Should the price of the building be inflated?
Do Commercial Umbrella Aggregate Limits Apply to an Underlying Policy Without an Aggregate?
If an insured has a $1-million, combined single limit (CSL) on an auto policy and they exhaust the auto CSL and the umbrella limits, would the limit for the umbrella be reset for any other loss?
