Why Defining Actual Cash Value is Amazingly Difficult
The concept of actual cash value (ACV) is far more complicated than “replacement cost minus physical depreciation.” In fact, the meaning of replacement cost differs based on the state. To…
Commercial Lines
Bird Flu, Swine Flu, Just the Flu and Pandemics: How Workers’ Compensation Responds
Threats of specific kinds of flu and pandemics garner heavy media attention. When any disease strain threatens a large geographic area, it gets lots of press as the next pandemic.…
Construction Site Bodily Injury Exclusion Applies to Both Upstream and Downstream Employees
Over the past few years liability insurers have been adding endorsements to attempt to limit their exposure for bodily injury claims on construction sites (not to mention for property damage).…
Beware the Changing World of CGL Exclusionary Endorsements
ISO endorsements are reasonably well understood due to their familiarity; but proprietary endorsements aren’t standardized or always familiar. This means agents must read all endorsements – ISO and especially proprietary…
Trailer-Related Liability Chart
Here’s your one-stop-shop for Liability Coverage for Trailer-Related Liability: Primary and Excess Protection.
Seven Important Considerations Required to Properly Insure “Fixtures”
Agents learn early that there are two types of property, real property and personal property. Real property is generally defined as land and everything attached to the land such as…
Five Work Comp Errors Every Agent Makes
Workers’ compensation, from a coverage standpoint, is the simplest coverage to understand and even explain. However, statutes and common laws serve to complicate the initial simplicity of workers’ compensation and…
Number of Claims: 3 or 636?
In the world of insurance coverage, the word “claim” is one of the most frequently spoken. It is used by an injured party to describe its pursuit of relief against…
4 Commercial Property Endorsements You’ve Never Heard Of But Should Know How to Use
ISO offers over 200 commercial property endorsements. Some of them are not good for the insured, but many allow the insured to provide coverage and protection not found in the…
2 Overtly Useless BAP Endorsements
Lawyers make life interesting for the insurance industry. Often we outsmart them by creating endorsements to satisfy a request that, in effect, really do nothing other than make the lawyers…
