Business Income and Specialty Vehicles
An insured veterinarian generates 50-60% of her income from two specially-equipped mobile vet labs she uses on visits to area farms or clients who have acreage and horses. She has…
Commercial Lines
Business Income vs. Manufacturer’s Selling Price
An agent asks, “I’m quoting a tank fabrication operation. They manufacture large metal tanks at their facility, transport the tanks to the customer’s location, and install them. The current agent…
Understanding Products Liability and Product Warning Labels
“A traditional axiom of products liability law is that a manufacturer or supplier of goods has a duty to warn of any danger from the intended or unintended but reasonably…
DOPE Excludes Stupidity
Departments of Insurance across the country are bracing for the introduction of new commercial property policy language promised by the newly-formed property insurance bureau the Dominion of Organized Property Exchanges…
Murals Revisited
If your client has a mural on the inside or outside of the building, how do you cover it? Is it covered by the property policy? Is there any special…
A Word About Murals
If your client has a mural on the inside or outside of the building, how do you cover it? Is it covered by the property policy? Is there any special…
Alternatives to Business Income Coinsurance
Non-BOP business income coverage is written on a coinsurance basis; however, some agents are afraid of coinsurance for a couple reason: 1) they don’t know how to develop the proper…
Why Ask the Underwriter?
When agents have coverage questions, they sometimes ask the underwriter for a coverage interpretation. Interested and concerned members of the VU faculty want to know why in the world you…
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…
Are You Applying the MOST Basic CGL Coverage Rule?
Before reviewing the exclusions, exceptions, and exceptions to exceptions, you must confirm the loss even qualifies for coverage based upon the grant of coverage found in the insuring agreement.
