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?
If a contractor receives payment before delivering the materials to the final installation point, are the materials still business personal property or have they become the personal property of others?
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?
