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.
Technical Knowledge
THC-Infused Beverages: Does CGL Liquor Liability Exclusion Apply?
Is there a liability coverage gap for the sale of THC-infused drinks, with or without the addition of a liquor liability form? Does the definition of “intoxication” apply to only alcohol or more broadly?
Can a Property Manager Be an Additional Insured on Landlord’s DP3 Policy?
A landlord’s property management firm wants to be added as an additional insured to the policy, but the carrier requires that the property manager is listed on the deed.
Additional Insured Endorsements for Landlords During Construction Without a Written Contract
The landlord, the tenant and the general contractor mistakenly believe the contractor’s additional insured endorsements are triggered by the lease agreement.
What Endorsement Adds an HOA as an Additional Insured to a Renters Insurance Policy?
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.
Additional Insureds on a COI: Is the Word ‘Blanket’ Misleading?
What is the proper wording to reflect additional insureds on certificates of insurance (COIs)?
Funds Transfer Fraud: Does Victim Still Have to Pay Real Invoice?
Contractor B paid a fraudulent invoice for $26,000 to a hacker claiming to be Contractor A, and now doesn’t want to pay the legitimate bill.
PAP Business Use Exclusion: Employees Using Manager’s Car for Business Use
An insured allows his employees to drive two of his personal vehicles for activities related to his auto repair buiness. Does PAP liability extend to the employees?
What Is the Limitation to Designated Premises Endorsement?
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.
Service Line Endorsement: Is Damage to a Drain Field a Covered Loss?
A mound system drain field failed, but the carrier denied the claim because piping wasn’t damaged.
