Insurance Challenges for Motel and Hotel Owners and Their Agents Insurance for motels and hotels has become more complex and costly, not just for the property coverage, but for liability coverage, as well. In fact, many times the underwriter’s first reaction is not “No,” it’s “Heck, no!” With price increases, coverage limitations and an underwriter’s outright statement, “I won’t…
Insurance for motels and hotels has become more complex and costly, not just for the property coverage, but for liability coverage, as well. In fact, many times the underwriter’s first reaction is not “No,” it’s “Heck, no!”
In today’s hard market, getting an underwriter’s attention is harder than ever. This article from a highly experienced underwriting consultant can help you get your application to the top of the inbox. For emerging agents, this is a must-read article. For any of you frustrated with underwriting response time or lack of response, this article…
Personal & Advertising Injury coverage under the Commercial General Liability policy offers very limited protection for patent infringement. Specialty coverage is available, and one such provider, Intellectual Property Insurance Services Corporation’s executive vice president Chuck Baxter has graciously authored this article for Insurance Illustrated.
While Symbol 1 of the Commercial Auto Policy should cover “any auto” your insured drives, there are no guarantees that 1) Your carrier will allow this coverage on all or any of your insured’s vehicles, and 2) that the carrier won’t add an additional audit charge at audit after an accident involving “any auto.” Often…
The Oxford Dictionary defines spoliation as “the act of ruining, destroying or spoiling something,” according to. In short, it means that something that should be kept is lost, destroyed, or not considered valid due to an improper chain of custody post loss. Spoliation claims are growing, and this article covers some of the ways insurance…
A recent court finding on a D&O policy’s condition precedent to payment by the excess carrier bodes poorly for agents and insureds. Read on for more details on this court decision.
Here’s a great example of why the majority of your large and small contractors need pollution coverage. The Rhode Island Supreme Court decision found in favor of the insured, but most states do not agree with this position according to attorney Randy Maniloff. This decision is just another reason to contact your contractors and recommend…
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 may not use the product in the manner intended, or the product may contain a faulty part or an unforeseen choking hazard to child, for…
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. However, this approach can be a double-edged sword. This article covers some of the inherent conflicts of interest in this decision.
