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Coverage Concerns

    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 of 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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    WEATHERING A WINDY PERIL

WEATHERING A WINDY PERIL

WEATHERING A WINDY PERIL A farmer suffered a significant loss of income and livestock that involved an ill wind blowing his way. The farmer’s pigs were infected with pseudorabies. Storm winds passed over a location that contained infected livestock. The virus was swept up and transmitted to the insured farm. The farmer filed a claim, asking for reimbursement caused by lost livestock sales and destruction of sick swine. The insurance

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    LUNCHTIME SLIP AND FALL

LUNCHTIME SLIP AND FALL

Dig a Little Deeper By Dawn Jackson, AU, AINS LUNCHTIME SLIP AND FALL Is employee on scheduled break covered by workers comp? The Court Decisions column is one of the most popular features of Rough Notes magazine. One reason is that the courtroom is often where the promises made in an insurance contract become real. All insurance professionals can develop “what if” scenarios, but until those scenarios are tested with

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