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If you or your insureds are sued under HIPAA, do traditional P&C policies provide any coverage? At this point in time, no one really understands all of the possible ramifications of HIPAA nor the potential claims exposure. One thing we do know, though, is that it's likely that very few traditional insurance products will do the job.
This article is about the often misunderstood exposure of discontinued operations.
A question that has been coming up in our 'Ask an Expert' service periodically since at least 2001 involves the best way to insure two or more entities or locations under common ownership. Is it better to put them all under one theoretically more manageable CGL policy or should each have its own policy? See what our volunteer faculty members have to say and offer your two cents if you like.
OK, pull that CGL policy out of your top desk drawer...we know it's there because you use it as a placemat for those two (six if your name's Lou Farringer) Krispy Kreme's you wolf down every morning at work. Got it? OK, then, here's a pop quiz. You have three hours to complete it. Ready? Here's the quiz: Find the professional liability exclusion in the CGL. (Three hours pass...sure flies by when you're having fun, huh?) What?! You didn't find it? Surely it's there somewhere...heck, even the ISO Homeowners forms have one. Give up? Then read on....
An agent advised that his state had enacted legislation requiring licensed contractors to carry liability insurance. CGL premiums for small contractors from his markets range from about $4,000 to $6,000. However, some agents are aggressively marketing claims-made CGL policies for only $1,500. The question is, 'Which policy—occurrence or claims-made—is the better value?'
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 claimis an 'occurrence' and covered by the CGL or an 'act, erroror omission' and not covered. In this article, we'llexplore this issue and include a dynamite download from anattorney who has examined the legal precedents.
Since 2001, attorney Randy Maniloff has published his annual review of the top ten most significant insurance coverage court cases. Below is a menu of these articles, each downloadable in Adobe Acrobat (PDF) format.