“The core value of lending a helping hand and never being too busy to help a producer … is everything I want in a mentor, especially as a guy that didn’t go to school for insurance,” says young agent Jackson Doyle.
A commercial insured needs to coordinate between a business auto policy and an inland marine policy to cover a a water well drill rig permanently mounted on a Peterbilt truck.
Challenges persist for the cannabis industry due to changes in the regulatory landscape, an increase in product recalls, increasing premiums and industry consolidation.
The program includes a suite of commercial inland marine and general liability products, as well as additional optional coverages to meet unique exposures within the entertainment space.
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.
Quantum Boat 2.0 offers the ability to cover up to eight boats on a single policy, expedited policy issuance and highly customizable coverage options.
The first-ever national, legally enforceable drinking water standard for the presence of “forever chemicals” will bring increased environmental liability claims and coverage exclusions to commercial insurance.
PFAS can be found in items from firefighting foam to food packaging, which means agents should be taking a hard look at all their commercial insureds for potential PFAS exposure.
While certain industries, such as health care, manufacturing and chemical industries, have the biggest environmental risk factors, every commercial insured has some form of a pollution exposure.
As natural disasters become more frequent and more costly, insurance carriers are experiencing an increase in the frequency and severity of environmental claims.
