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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.
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.
“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.
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.
This article is about the often misunderstood exposure of discontinued operations.
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.
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 claimis an 'occurrence' and covered by the CGL or an 'act, erroror omission' and not covered. In this article, we'llexplore this issue and include a dynamite download from anattorney who has examined the legal precedents.
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