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Coverage Concerns

    BREAKING BAD

BREAKING BAD

Dig a Little Deeper By Dawn Jackson, AU, AINS BREAKING BAD Insurer denies claim regarding cleanup of rental property used for producing meth The Court Decisions column is a popular feature in Rough Notes magazine, in part because the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with an actual loss

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    21ST CENTURY POLICY FORMS

21ST CENTURY POLICY FORMS

With fewer program revisions being adopted more quickly, agents and brokers will be seeing fewer differences in edition dates, but will be encountering more policy provisions crafted individually. Learn more here. 21ST CENTURY POLICY FORMS Fewer versions with more variations By Joseph S. Harrington, CPCU What do you think of when you learn that forms for a line of insurance are being completely revised? Are you thrilled at the prospect

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    UNKNOWN MAY NOT MEAN UNCOVERED

UNKNOWN MAY NOT MEAN UNCOVERED

Unknown May Not Mean Uncovered The owners of a mobile home park, which was large enough to have its own sewer treatment facility, sought reimbursement for losses connected with having to shut it down. The park’s facility was affected by a party, that was never identified, who dumped an unknown substance there. The operation was closed when the substance was discovered. The operators wanted to make sure that the substance

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    LESSER-KNOWN ENDORSEMENTS: PART ONE

LESSER-KNOWN ENDORSEMENTS: PART ONE

Mind the Gap By Marc McNulty, CIC, CRM LESSER-KNOWN ENDORSEMENTS: PART ONE A look at commercial property and crime coverage endorsements It’s impossible for producers who are new to the industry to soak up all the knowledge needed to propose comprehensive programs to their prospects; there simply aren’t enough hours in the day. Honestly, that’s one of the reasons I love the insurance industry: Just when you start to think

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    PROFESSIONAL LIABILITY EXCLUSIONS CAN BE AN ABSOLUTE NIGHTMARE

PROFESSIONAL LIABILITY EXCLUSIONS CAN BE AN ABSOLUTE NIGHTMARE

Agents and brokers should not get too comfortable with policy exclusions, at least not without scrutinizing language very carefully. There could be hidden dangers in the wording of certain exclusions. PROFESSIONAL LIABILITY EXCLUSIONS CAN BE AN ABSOLUTE NIGHTMARE Producers must scrutinize wording or exclusions to fully understand their implications By Joseph S. Harrington, CPCU As an independent agent or broker, you know not to expect to find coverage for auto

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