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The Rough Notes Company Inc.

Coverage Concerns

    POLLUTION EXCLUSIONS

POLLUTION EXCLUSIONS

In 2009, a Rough Notes columnist encouraged readers to ask, “When did the product become a pollutant?” Today, a recent court ruling gives a strange boost to the broad application of pollution exclusions. POLLUTION EXCLUSIONS Putting producers between their carriers and their clients By Joseph S. Harrington, CPCU, with a nod to the late Don Malecki “When did the product become a pollutant?” That’s a question Don Malecki told readers

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    A VERY CONFUSING ENDORSEMENT

A VERY CONFUSING ENDORSEMENT

An employee of Black Silver removed property from each of the company’s five stores. The actions took place over a two-year time period and resulted in an employee theft loss of $65,000. Black Silver was insured by Sequoia Insurance under a Businessowners policy with a coverage extender Form SEQ 1525 attached. When presented with the claim, Sequoia initially offered $10,000 and then $20,000 but Black Silver demanded $65,000. The trial

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    DEPRECIATING LABOR COSTS

DEPRECIATING LABOR COSTS

Producers aren’t involved in loss settlement decisions. As a practical matter, however, they can’t avoid being impacted by them, as they’re the first-line contact with insureds. That affects what you need to know. DEPRECIATING LABOR COSTS Challenges persist to an important practice By Joseph S. Harrington, CPCU When it comes to actual cash value (ACV) settlement of a damaged roof, insurance professionals can’t be surprised that most home owners would

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    OFF PREMISES OR AT NEWLY ACQUIRED PROPERTY?

OFF PREMISES OR AT NEWLY ACQUIRED PROPERTY?

OFF PREMISES OR AT NEWLY ACQUIRED PROPERTY? Dr. T’s Nature Company ran out of room at its two leased buildings. Its landlord offered it the temporary use of a nearby warehouse and even agreed to not charge for the temporary use. Unfortunately, a fire occurred while Dr. T’s property was at that warehouse. When Dr. T’s turned in a claim for $100,000, its carrier denied coverage because the property was

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    MORE UNCERTAINTY ABOUT CERTIFICATES

MORE UNCERTAINTY ABOUT CERTIFICATES

To what extent can a certificate holder rely on a COI as “certification” that coverage is actually in place? If that’s impossible or impractical, what’s the point of certificates? More uncertainty about certificates What about hard-to-detect limitations on coverage? By Joseph S. Harrington, CPCU Jim Mahurin has seen a lot he doesn’t like in his 35 years as an insurance and risk management consultant. More to the point, he hasn’t

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