What happens when you combine restaurant operations with an auto exposure beyond the mere delivery or catering operation? Join Mike Edwards as he combines his two favorite subjects – insurance and food – into one great article that will put you a step ahead of the competition in this rapidly growing market.
This article is about the often misunderstood exposure of discontinued operations. While your Technical Affairs Committee continues to work with ISO with little success to develop stronger coverage for discontinued businesses, this article describes the current state of discontinued ops. With so many business owners retiring and the increased merger and acquisition environment, this issue…
Unlike the simple ISO HO policy, the ISO CGL policy has no specific professional liability exclusion. As a result, sometimes it can be difficult to determine whether a claim is an “occurrence” and covered by the CGL or an “act, erroror omission” and not covered. In this article, we’ll explore this issue and include a…
In today’s market, everyone is looking for a way to reduce premiums. One method that is sometimes used is to not carry UM coverage under the BAP. After all, if an employee is injured, there’s workers compensation coverage, right? Answer: maybe, maybe not, and definitely not.
Question: “My customer has a Business Auto Policy (BAP) with Symbol 1 for liability and Symbol 7 for physical damage. One of their autos will be in the shop for two weeks for repairs and I want to make sure there are no gaps in coverage. Since they will rent a vehicle during this time,…
A contractor is rolling an air compressor across a parking lot to load it into his truck. He slips and the compressor rolls into a Cadillac. Is it a Business Auto claim or a CGL claim? The answer may not be as simple as you think. In addition, this actual claim submitted to our “Ask…
Recently, we’ve had several “Ask an Expert” questions about the need for CGL coverage for someone whose business involves almost exclusively the driving or operation of a motor vehicle, from long-haul truckers to cement truck drivers to parcel delivery services. Do such businesses really need CGL coverage?
Your insured’s business auto policy includes Symbols 7 and 8. He acquires a new vehicle, but fails to report it until he has an accident three months later. Normally, there is no coverage under Symbol 7 for acquired vehicles beyond 30 days. However, rather than buy the vehicle, he leased it under a long-term lease…
An auto policy was written to provide liability and uninsured motorists (UM BI & PD) coverage on a Symbol 2 basis. The insured asked the agency to delete several autos during the policy term. Later there was an accident with an uninsured motorist involving $8,000 in damage to one of the deleted autos. The insured…
“On-hook” coverage is often provided for towing operations in case a vehicle being transported is damaged. Exactly what is “on-hook” coverage and how does it compare to garagekeepers coverage? If garagekeepers coverage is provided, is on-hook coverage needed? Well, it depends on what insurer you ask.
