Business Income: Are You Sure You Protected ALL the Insurable Income?
Learn how to complete the business income worksheet (CP 15 15), a worksheet that has frightened insurance practitioners for decades.
Commercial Lines
Ordinance or Law – When (and Why) Partial Losses Become Total Losses
We do a bad job of explaining the concept of “replacement cost” and tend to tell clients they will get new stuff for old junk. This may be partially true,…
Understanding Commercial Property Underwriting – COPE in All its Glory
Gain a better understanding of the four key Property Underwriting factors – Construction, Occupancy, Protection, and Exposure (COPE).
ISO’s 2017 Commercial Property Changes
Insurance Services Office (ISO) filed several important commercial property changes effective September 1, 2017.
Untangling the Work Comp Mess – Who is Covered and When
Two key questions are answered in this report – what makes an injury or disease compensable under workers’ compensation and who is covered by the work comp policy.
Untangling the Work Comp Mess – When Employees Travel and Their Families Sue
When employees travel out of state for work, real work comp coverage gaps can exist; and these gaps could leave the employer without the necessary protection they THOUGHT they purchased…
Workers’ Compensation: 5 Mistakes Every Agent Makes
Workers’ compensation, as a coverage, is simple. A worker gets hurt and, theoretically, the work comp policy pays; that’s the simple part. The more complicated areas of workers’ compensation involve…
How Many Claims Would Be Considered for Riots Lasting Multiple Nights?
An agent asks: We have a few clients with multiple retail locations throughout various states with various policies. If they have locations which receive damages from riots on multiples nights,…
How Does the Business Income Policy Respond to a Concurrent Covered Loss?
An agent asks: Several of my clients’ have suffered damage as a result of the riots in the area. However, prior to the riots they were already closed as a…
Illinois DOI ‘Requests’ Insurers Not Apply Policy Provisions
Company Bulletin 2020-15 issued June 8, 2020, by the Illinois Department of Insurance (IDOI) threw key provisions of the business income policy out the proverbial window. This article examines how…
