Small businesses are facing problems when buying a commercial auto for business use – banks often require the business and the business owner’s name be on the title. This has the appearance of creating coverage problems, but none really exist. However, to avoid any question or appearance of a coverage gap, the agent can take…
Lawyers make life interesting for the insurance industry. Often we outsmart them by creating endorsements to satisfy a request that, in effect, really do nothing other than make the lawyers feel good. That’s the effect of these two endorsements.
BAP Symbols 8 and 9, Drive Other Car coverage, and the Individual Named Insured endorsement…which is appropriate under what circumstances? Confusion abounds!
For coverage, individuals must be named on the Drive Other Car (DOC) endorsement. Is the same true for the Individual Named Insured (INI) endorsement? Does the individual’s name or names need to be listed on the actual INI endorsement or is it all right if they are just listed individually as named insureds on the…
Commercial insureds may take vehicles out of commission during certain times of the year. Likewise, personal auto insureds might winter in Florida and want to suspend their auto insurance for several months to save money. In this article, we’ll discuss the issues involved and offer some caveats to help you avoid E&O claims.
The insured has had exclusive use of a moving van for over six months. It is in their possession every day and is never returned except for required routine maintenance provided by the owner. The insured pays for the truck on a month-to-month rental basis…there is no long-term lease. How can this be covered under…
One of the most frequently asked questions about the Business Auto Policy (BAP) is when and why do you use the Individual Named Insured endorsement (CA 99 17) as opposed to the Drive Other Car – Broadened Coverage for Named Individuals (CA 99 10) endorsement. Also, how do these endorsements affect a Personal Umbrella Policy?
Contractors may have autos like dump trucks and semi-tractors that they want to “lay up” while the vehicles are not needed during a construction slow-down. One contractor was told he could park the vehicles on their shop premises, turn in the tags, delete them from the auto policy, and they would be covered under the…
From our “Ask an Expert” file: On a Business Auto Policy (BAP) can you add the owner of the premises you are doing a job for as an additional insured? A contractor is driving his van on premises to do work for a general contractor. His contract states that he must name the general contractor…
The issue of “care, custody and control” in insurance policy exclusions will probably be debated until the end of time. In this article, we’ll explore the issue of “CCC” with regard to auto exposures. Our analysis considers the exclusion in the context of an actual claim and presents some possible alternatives for handling such exposures…
