Certificates Of Insurance
Certificates of Insurance
VU Resources
Advanced Commercial Lines
Advanced Commercial Lines
Are Your Private-Sector Clients Aware of their Directors and Officers Liability Exposures?
Many experienced business owners are unaware of their need for a Directors & Officers (D&O) liability policy. According to a white paper on this issue developed by Gallagher, a Chubb study found that 25% of private companies surveyed had a D&O claim in the three years surveyed. The average cost of those claims, according to…
Back to Basics – What is Legal Liability?
What does it mean when an adjuster reports that your insured is not “legally liable,” so the carrier will deny the claim. This article explains the basics of legal liability so that you can explain it to your clients.
Workers Compensation Rates Still Stable Despite COVID-19
A recent Rough Notes article, “Workers Compensation: An Oasis in a Dry Desert: An Island in Stormy Seas,” finds that despite COVID concerns, the workers compensation market is still stable. Looking to the future, economic trends could increase the cost of reinsurance, but overall, the outlook for workers compensation is bright.
Back to Basics – What’s New in Premises Liability Exposures?
Recent settlements and jury verdicts against property owners and managers hit with premises liability claims continue to climb. Whether your clients own a tavern, a manufacturing plant, manage apartment complexes, or are homeowners, their current liability limits may be insufficient in today’s legal environment.
Back to Basics – Insurers Increasingly Imposing Warranties and Safeguards on Commercial Property Policies
An interesting post on LinkedIn by risk management consultant Jack Schwartz, managing director at Davis + Gilbert Risk Management, caught my attention. The issue, according to Schwartz is that insurers are increasing the number of warranties placed on property policies, whether these are location-specific policies or smaller scheduled locations.
Professional Liability Exclusions Can Create Uncovered Claims Under Commercial General Liability Policies
The Coronavirus created many growth opportunities for today’s commercial and residential contractors. Now is the time for agents to query their contracting clients to ensure their clients have made no material changes in their operations. Professional liability exposures can arise, especially when contractors begin new lines of work.
Listing Your Insured’s “Doing Business As” (DBA) May Have Unintended Consequences
If you incorrectly name your insured on any policy, your insured may find he or she does not have coverage. After a loss is the worst time to learn that fact. The first questions most well-trained adjusters ask as they review a loss is who suffered the loss and is that person or entity listed…
Nuclear Verdict in Healthcare Will Raise Concerns for Healthcare Insurers
A missed healthcare diagnosis resulted in a whopping $111 million verdict in Minnesota, according to a recent Burns & Wilcox article. Read on to learn more.
