Determining COI Limits When a Claim Has Been Submitted
An agent is issuing a new certificate of insurance with policy limits of $1 million/$2 million. The agent knows of a $500,000 claim. What policy limits should be shown on the COI?
Technical Knowledge
Should You Alert COI Holders of Policy Cancellations?
What’s the best way to let certificate of insurance holders know that a commercial liability policy has been cancelled?
What Happens When Your Auto Policy Lacks UM/UIM Coverage?
An insured does not carry UM/UIM coverage on their BAP. After getting in an accident in the company car, can they file a UM/UIM claim on their PAP instead?
Can You Check Both the Policy Aggregate and Per-Project Boxes on a COI?
It’s never a good idea to customize a certificate of insurance based on who’s asking for what.
Setting the Right E&O Limits for Your Agency
Want to avoid getting a letter from your E&O carrier informing you of an uncovered, excess exposure? When selecting E&O coverage limits, ask—and honestly answer—these questions.
Can You Remove the Care, Custody and Control Exclusion from a CGL Policy?
An agent starts noticing three contractual requirements becoming more common for their contractor clients. How should they handle them?
When Does the PAP ‘Wear and Tear’ Exclusion Apply?
Due to clogged drains, rain gets in through a vehicle’s closed sunroof, damaging the interior. Can the carrier deny the claim based on wear and tear?
UM/UIM Coverage: Applicability and Exclusions
At the time of a loss, which state determines UM/UIM coverage limits? And who is subject to UM/UIM policy exclusions?
Should You Ever Alter Language on a COI?
A client asks an agent to alter a certificate of insurance and add specific language to the description. The agent is concerned about losing a $900,000 account if they don’t fulfill the request.
New Philadelphia Endorsement Covers Cyber Liability
Cyber coverage can overwhelm business owners and risk managers, but Philadelphia’s new endorsement offers three first- and third-party coverages.