The Insurance Services Office’s update to its commercial property policy forms and endorsements includes several revisions that are expected to result in no change in some coverages. Do you know which ones are remaining the same?
The Insurance Services Office has revised its commercial property policy forms and endorsements to provide new coverage options. The changes are among more than 40 that ISO has made to its forms, which have an edition date of October 2012 and will be effe
One of the most common questions received by the Big “I” Virtual University’s Ask an Expert service is how to provide “cross liability” coverage under commercial general liability. The question typically arises from a certificate request for the coverage
An insured owns an expensive home with numerous custom windows. He hired a window washer to remove plaster and varnish from the windows, but the workman scratched most of them. The insured subsequently learned that the window washer is uninsured. Does he
An insured has a small kitchen fire that causes fire and smoke damage to the range, hood and cabinets in the area of the fire. In addition, other cabinets in the L-shaped kitchen are just smoke-damaged. The carrier says it will only cover the two cabinets
The side wall of a pump house blew out after a water tank exploded, caused by points stuck on the well pump. The insurance company denied coverage under the ISO 2000 edition HO-3 policy, citing a mechanical breakdown. But is this correct?
An agent asks, “What is the rule with regard to workers’ compensation when an employee buys the company that he has been working for? The company changed from a corporation to an LLC. Will the company’s mod change?”
Can an insurance company deny a homeowners policy claim because of damage caused by a squirrel? There’s no more fitting of a time than Groundhog Day to learn about how rodent damage is treated by homeowners coverages.
Any agency that deals with commercial lines is familiar with the daunting task of processing and explaining additional insured endorsements and certificates. But every now and then, an agency handles a request to name a party as an additional named insure
Information provided by the Insurance Information Institute shows why a significant number of insurers issue homeowners policies with animal liability exclusion endorsements. In fact, the Insurance Services Office (ISO) has rolled out a “canine exclusion”