Virtual University

An insured has hired a company to demolish an old building, on which they have liability coverage, that has a common wall with the property next door.

The fire chief is a volunteer, and while volunteer activity is included in the policy, the agent believes that the position would still be excluded as a professional service.

Sometimes, policies with this endorsement are the only ones available to clients, including those with high-value historic homes. What is an appropriate disclaimer to explain this?

How do you explain how a wind or hail buyback policy works? And is a deductible applied to these types of policies?

​A carrier is adding BP 04 71 Exclusion – Volunteer Workers to every business owners policy, even on BOPs for contractors. The agent doesn’t understand why a carrier would want this exclusion on an entity with little to no volunteer exposure.  In C. Who Is An Insured, the BOP includes: Your “volunteer workers” only while performing duties related…

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

An admitted carrier in Texas tried to nonrenew a commercial umbrella policy that was due to renew in 30 days. However, the Texas insurance code says insureds must be notified of a nonrenewal 60 days before renewal. When the agent mentioned this, the carrier said it would extend coverage for another 30 days and then…

While cleaning a water tank, a contractor accidentally left the water outlet open. Sandblast media entered the city water supply and contaminated products in a cheese manufacturing facility.

Does a nonprofit organization that has a workers compensation policy in force also need uninsured/underinsured motorist coverage?

Should the uninsured motorist/underinsured motorist limits match those on the bodily injury and property damage liability coverage?