Technical Knowledge

​As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.

The landlord, the tenant and the general contractor mistakenly believe the contractor’s additional insured endorsements are triggered by the lease agreement.

An agency is getting regular requests from homeowners associations (HOAs) to list the HOA as an additional insured on its tenants’ renters insurance policies. However, the carriers will only list the HOAs as certificate holders or additional interests.

A carrier is adding the 1998 version of the ISO form CG 21 44 Limitation to Designated Premises endorsement to all policies on habitational or rental properties with more than one location.

A mound system drain field failed, but the carrier denied the claim because piping wasn’t damaged.

Here’s how to explain to a client when a fellow employee endorsement would be triggered.

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

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.

An insured lost income due to an ice storm. Their commercial property policy has an enhancement for business income and extra expense. The claim was denied as coverage isn’t “included in the policy.”

The Hanover Insurance Group offers home-based business solutions coverage for on-site businesses with no more than three employees.