Consolidating separate legal entities’ loss experience to develop a common experience modification factor has the potential to cause confusion for the client and sometimes the agent. Clients may view such mixing of loss experience due simply to common majority ownership/interest …

I chose April 1 to publish this article because so many are expecting a joke; well this is no joke. In fact, I can’t be more serious. Three days ago I published an article about the “primary and noncontributory” requirement …

Upper tier contractors seek to avoid, through the use of various transfer mechanisms, the financial costs that can result from bodily injury or property damage to a third party caused or contributed to by other parties (lower tier contractors). In …

Section II (Liability Coverage) of the Business Auto Coverage (BAC) form describes who qualifies as an insured (II.A.1.). Employees using their personally-owned vehicle to conduct business on behalf of the named insured’s business are specifically excluded from coverage. However, employment …

Several years ago a relatively new insurance producer asked me this seemingly simple question, “So, what is the secret to the insurance business?” Mine was a somewhat simplistic answer with deep meaning (and a profound impact on his career). “The …

Begin at the beginning – with the insuring agreement! Coverage can never be any broader. This is the most basic CGL coverage concept. Before applying the policy’s exclusions, exceptions or conditions to a loss, we must first ascertain if the …

Insurance Services Office (ISO) recently released a “matched set” of drone-related endorsements for use with the commercial general liability (CGL) policy: three exclusionary endorsements and three “limited coverage” endorsements. All six endorsements have a 06 15 edition date and are …

Odd but true: The agent called and asked the underwriter to amend the named insured. The insured had policies with two different insurance carriers. Apparently the other insurance carrier had misspelled the named insured on its policies. That’s not the …

Departments of Insurance across the country are bracing for the introduction of new commercial property policy language promised by the newly-formed property insurance rating and policy form bureau National Organization of Property Exchanges (NOPE). Formed to promulgate rates and forms …

First, let’s be clear – this is only a SMALL sampling of simple questions agents and underwriters fail to ask! There are dozens of simple, common sense questions that are often skipped – why remains a mystery. Second, this article …