Commercial Lines

Back to Basics: What is Product Recall Coverage?

Manufacturers both large and small position their products into the consumer market, whether food, supplies, or equipment. Normally, rigorous testing helps to ensure the product is safe. However, end users…

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Should an Agency Purchase E&O Coverage from One of Its Carriers?

Agencies have many options available for the placement of their E&O coverage. For some agencies, one of the options is purchasing E&O coverage directly from one of their appointed carriers.…

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Should an Agency Purchase E&O Coverage from One of Its Carriers?

Agencies have many options available for the placement of their E&O coverage. For some agencies, one of the options is purchasing E&O coverage directly from one of their appointed carriers.…

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Verisk to Introduce Significant Updates to the Businessowners Policy Program

Citing “climate change, changing lifestyles and new technologies,” Verisk will update the Businessowners (BOP) program with “significant enhancements.” Read on for an overview of the expected changes.

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Major Coverage Enhancements Coming to the ISO Businessowners Program

After taking a sharp hit at the start of the pandemic, small business formation has rebounded, giving insurers an opportunity to target new customers.The ISO Businessowners program was developed to…

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What’s Happening in Multi-Family Housing Insurance Market?

The Foundation for Community Association Research Factbook reported that 52.9% of U.S. housing was built prior to 1979, leading to aging roofs, failing plumbing, and more. “The habitational market has…

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Waiver of Subrogation on the Commercial General Liability Policy

One of the biggest exposures for an errors and omissions claims arises from certificates of insurance. When providing additional insurance, under the commercial general liability policy replace the need for…

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