Commercial Lines

Agents often get pulled into spots they don’t need to be; one of those is pulling MVRs for commercial auto clients. If asked to run MVRs for your commercial auto client, what should you do?

ISO’s Businessowners program remains very adaptable to ever-occurring changes in the business environment. The fact that the program has remained relevant and adaptable over the past four decades is a testament to their endurance. Enter the Micro BOP and its new endorsements.  The recent endorsement modifications center on changes in cyber risks, which is an especially critical issue facing all businesses today.  New Endorsements …

Introduction  Since most claims in auto service risks arise from slip and falls, ISO removed eligibility of auto service risks from garage coverage. Given this, these risks were more appropriately written under the ISO Commercial General Liability Program.   Now, after a recent multistate ISO filing, automobile service operations are eligible for Businessowners coverage. You heard what…

For insurance agents, carriers and adjusters, understanding specialized insurance products is critical to crafting tailored insurance solutions for clients across the industries. Two lesser known but useful insurance coverages are Engineering Insurance and Deterioration of Stock (DOS) insurance. While these are two distinct coverages, they are often sold together.   Better understanding these coverages allows you to target your potential audience and…

While providing advice to your clients can strengthen relationships, it can also expose you to Errors & Omissions (E&O) claims. Claims can arise from issues like failure to recommend proper coverage, giving inaccurate advice that results in financial harm (such as workers’ compensation payroll miscalculations), or missing key risks.  Many errors & omissions (E&O) claims…

Dehydration, heat stress, and heat stroke can escalate quickly during the summer months. Left untreated, these conditions are not just harmful but can also be life-threatening. With warmer weather on the horizon, it is vital to remind your clients about the risks posed by heat and humidity.  Heat stress is not limited to outdoor workers.…

Professional liability (also known as Errors & Omissions insurance) protects against errors, omissions, negligence, and breach of duty in the rendering of, or failure to render, professional products or professional services that occur at, or in connection with, a project. It is especially important for those who retain third-party design and building consultants, such as surveyors, architects, engineers,…

Even before the COVID-19 pandemic, the economy was growing substantially in the sector known as micro-businesses. Post COVID-19, the growth of micro-businesses has skyrocketed. COVID—19 relief funds financed some of this growth and spurred on by platforms like Amazon, Etsy and eBay allowing those micro-businesses access to world markets.   In 2019, ISO/Verisk introduced the Micro-Businessowners Coverage Form…

Knowing and understanding the needs of clients requires you to understand the nuances of coverage and how they impact the insured’s business. Today, there is a greater bias toward simpler and safer coverage options. However, the simpler options are not always the best option for the insured. There is no one-size-fits-all solution for insuring commercial…

Questio​​n:   I had a commercial lender with a bank where we do quite a bit of partnership events with reach out to me about the difference between Loss Payee & Lender’s Loss Payable regarding insurance. I tried to do some research on my own about this, but I’m not fully understanding the difference between the…