Contractual Risk Transfer, Additional Insureds, and More
If you deal with construction clients, you deal with contractual risk transfer, additional insureds, and primary and noncontributory problems.
Commercial General Liability (CGL)
The Anatomy of a Hold Harmless and Indemnity Agreement
Although we know that interpreting contracts is a matter of law, because our customers routinely execute hold harmless and indemnity agreements with all manner of entities, knowledge of these contractual…
The Circular Relationship Between Contractual Risk Transfer, Insurance and Certificates of Insurance
Contractual risk transfer is often confused with insurance coverage; and certificates of insurance are ALWAYS confused for a document with any real meaning or power. This article focuses on one…
Does Additional Insured Status Replace the Need for a Waiver of Subrogation?
Lower tier contractors seem to be fighting back on some contractual insurance requirements – even to the point of making improper claims. One in particular is that making another party…
Contractual Risk Transfer Can Take Over and Ruin Your Day
Contractual risk transfer is a fact of life for any agent working with construction clients. Your client might be the transferor or the transferee or both on the same job.…
Additional Insured vs. Indemnitee: Are Contractual Liability Coverage and AI Status the Same Thing?
Agent question: “We have not been individually adding Additional Insured endorsements, relying on them being an indemnitee in the ‘insured contract’ wording of the CGL or BOP policies, which gives…
Hold Harmless Agreements Aren’t Harmless
Your insureds routinely sign hold harmless agreements with all kinds of entities…property owners, contractors, large corporations, municipalities, and others. How many of these contracts do you think are covered by…
CGL Contractual Liability Coverage…Does It Override Exclusions?
An insured who leases premises accidentally damaged the building with a backhoe. He has a written lease on the premises and the lease makes him responsible for damage to the…
