Discontinued Product Liability and Occurrence CGLs
A manufacturer sold a division of the business. Is discontinued products liability necessary, or will the ongoing CGL cover the liability for the products manufactured and sold before the sale?
Professional Liability
Should an Agency Record Phone Calls With Insureds?
What is the current best practice for storing those recordings in an agency management system (AMS)?
E&O, Territory Limitations and Stolen Truck Cargo
A U.S.-based trucking client’s truck and cargo were stolen in Canada, but the carrier denied the claim due to a territorial exclusion. The loss happened “before the insured had a chance to read the policy.”
Is Sexual Harassment Covered in a Health Care Organization’s D&O Policy?
An insured health care organization with directors & officers and employment practices liability insurance policies asked its agent if sexual harassment was covered on its D&O policy.
Is Providing a Replacement Cost Estimate to Lenders an E&O Exposure?
Mortgage lenders are requiring agents to supply a replacement cost estimate (RCE) for refinance closings. Is this something the agents should be doing?
Insuring a $25 Million Building for $1 Million: E&O Waiting to Happen?
A prospect bought a warehouse for $1 million. The replacement cost is $25 million but the owner only wants to protect their investment and has said they wouldn’t replace the building in the event of a total loss.
How to Avoid E&O Exposures When Using Interpreters
If your agency needs to use an interpreter to communicate with a customer, do you know what you need to document about the exchange?
