What Makes a Risk Insurable?
One of the most important early concepts you will learn in insurance is this: What makes a risk insurable? This article helps to explain the elements of an insurable risk.
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The Value of Your Big “I” Technical Affairs Committee
Have you heard of the Big “I”s Technical Affairs Committee? This committee is probably one of the least discussed yet very important task force working to improve coverage on behalf of agents and consumers.
Best Practice for Reviewing Water Damage Language in Homeowners Forms
Our Ask an Expert helps provide best practices for reading the policy to understand water damage coverage.
Artificial Intelligence Exclusions Are Creeping into Insurance — But Cyber Policies Aren’t the Issue (Yet)
As your Big “I” coverage gurus watched generative AI exclusions brought into the commercial general liability policy, we knew they would soon become a part of many liability policies. While…
Contractors Professional and Pollution Liability Coverage: A Must-Have Solution for Contractors
A recent Arizona mishap highlights the importance of pollution liability coverage for contractors. Many plumbing and other contractors work under the misunderstanding that their general liability coverage is sufficient to…
Should We Obtain Signed Applications from Our New Insureds We Obtain Via Broker of Record?
Our Ask an Expert service answers this question. Q. Should we obtain a new signed application from a client we obtain via AOR or BOR? Or should we contact the former agent to obtain…
After Medicare Open Enrollment: What Medicare Reveals About Agency Operations, and What to Fix Before Next Year
When Medicare Annual Enrollment Period (AEP) ends, the immediate pressure lifts, but the most instructive phase often begins. Phones are quiet. Deadlines pass. Teams finally have room to reflect on how the…
Choosing the Right E&O Coverage for Your Insurance Agency
Not all agency errors & omissions carriers and policies are alike. While it’s always tempting to use price as the primary factor in selecting coverage, this information can help you…
Understanding Coverage for Rip and Tear Costs in Commercial General Liability Policies
Defective work in construction projects often leads to more than just repair costs. Contractors must also account for “rip and tear” expenses—the costs of accessing and removing faulty components—which can…
The Future of Risk: Verisk Navigates an Evolving Risk Landscape
Today’s insurance agents and brokers must recognize new and emerging risks and rapidly evolving coverage limitations to help best protect their customers. For over two decades, Verisk, or ISO as we old-school…
