Virtual University

“Dagger” or Plus Symbol Classes: What They Mean

Nearly 40% ISO’s general liability class codes are, what some call, “dagger” codes. All a “dagger” classification does is rearrange where the products and/or completed operations coverage is found.

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5 Contractor Coverage Concepts Every Agent Must Understand

Learn about the five of the most common contractor risk exposures: contractual risk transfer; properly extending insured status; business auto issues; misuse of the absolute pollution exclusion; and professional and pollution exposures faced by contractors.

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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 foreseeable use of its products. This duty extends to those using or purchasing the product, as well as to those who could reasonably be expected to be harmed by its use.” But sometimes, manufacturers just go too far.

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What Does an Agent Owe a Certificate Holder?

Do agents owe any duty to a certificate holder? Opinions differ. Given the reality of the COI, its intended purpose and the parties to the various contracts related to a construction site, agents have very little duty to the certificate holder beyond honesty.

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Discontinued Operations

This article is about the often misunderstood exposure of discontinued operations.

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Insuring Commonly Owned Entities...One or Multiple CGL Policies?

A question that has been coming up in our 'Ask an Expert' service periodically since at least 2001 involves the best way to insure two or more entities or locations under common ownership. Is it better to put them all under one theoretically more manageable CGL policy or should each have its own policy? See what our volunteer faculty members have to say and offer your two cents if you like.

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The CGL Professional Liability 'Exclusion'

Unlike the simple ISO HO policy, the ISO CGL policy has no specific professional liability exclusion. As a result, sometimes it can be difficult to determine whether a claim is an 'occurrence' and covered by the CGL or an 'act, erroror omission' and not covered. In this article, we'll explore this issue and include a dynamite download from an attorney who has examined the legal precedents.

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Other

“Dagger” or Plus Symbol Classes: What They Mean

5 Contractor Coverage Concepts Every Agent Must Understand

Understanding Products Liability and Product Warning Labels

What Does an Agent Owe a Certificate Holder?

Discontinued Operations

Insuring Commonly Owned Entities...One or Multiple CGL Policies?

The CGL Professional Liability 'Exclusion'