Technical Knowledge

Why would premium be charged on values that exceed the limit of coverage?

​Independent agents recommend the best solutions to protect their clients. However, they sometimes fail to follow their own advice—particularly when it comes to protecting their agency against financial fraud.

An insured with a business auto policy rents a warehouse he’s not contractually obligated to insure. While backing out, he hit the building, and the carrier is denying coverage.

How are defense costs handled in this scenario? Is the insured responsible for these costs?

How should the agency respond? And how can agencies curb the trend of COI requests becoming more and more onerous?

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.

An insured owns a shopping center with several restaurants. Failure to comply with the protective safeguards listed in the endorsement over which the insured has control would result in no coverage for a fire loss.

A contractor caused a slow leak while remodeling a bathroom and had to remove a large part of their work. What parts of the repair are excluded under the Damage to Your Work exclusion?

Certificates of insurance (COIs) account for plenty of headaches. Here are answers to some common questions asked during Big “I” Virtual University webinars.

In an incident when operating a business-owned and insured vehicle, there was personal liability once the business auto policy paid the full limit.