Personal & Advertising Injury coverage under the Commercial General Liability policy offers very limited protection for patent infringement. Specialty coverage is available, and one such provider, Intellectual Property Insurance Services Corporation’s executive vice president Chuck Baxter has graciously authored this article for Insurance Illustrated.
While Symbol 1 of the Commercial Auto Policy should cover “any auto” your insured drives, there are no guarantees that 1) Your carrier will allow this coverage on all or any of your insured’s vehicles, and 2) that the carrier won’t add an additional audit charge at audit after an accident involving “any auto.” Often…
Here’s a great example of why the majority of your large and small contractors need pollution coverage. The Rhode Island Supreme Court decision found in favor of the insured, but most states do not agree with this position according to attorney Randy Maniloff. This decision is just another reason to contact your contractors and recommend…
Construction risks are becoming harder to place and premiums continue to increase. With the construction starts expected to increase by about 7% in 2024, now is an opportune time to increase your expertise and client base in construction and artisan and contractors risks. This article outlines the current state of the market, including some tips…
ISO is making MAJOR changes to the CGL classification system in 2022. These changes are the result of new technologies, new risks, and the need for greater granularity. We need to be ready for this!!
If a commercial contractor is now doing residential work because of market conditions, watch out for a residential exclusion.
If you have a client written on a “claims made” policy, a polling letter can save them from an uncovered claim and you from an E&O loss. Polling Letters are rarely used, but highly valuable. Protect your client and your agency!
Do you think your car can be “stolen” yet still be sitting in the parking lot or driveway with you in it? Well, evidently, it can – it’s called “Hacking.” Because of the technology found in new vehicles, hacker may be able to “steal” your car even though you are still in passion of it.
An agent asks: A vehicle is registered to a church that provides the vehicle to the senior pastor and his wife for their personal use. The vehicle is insured on the pastor’s PAP and the church is not listed as an additional insured. The pastor and his wife use the vehicle mostly for their personal…
Learn about the five of the most common contractor risk exposures: contractual risk transfer; properly extending insured status; business auto issues; misuse of the absolute pollution exclusion; and professional and pollution exposures faced by contractors.
