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for the week of July 30, 2021

Education + Analysis for the Independent Agent

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Special Feature - Certificates of Insurance * Commercial General Liability * Condominium Issues * Commercial Property * Personal Auto Issues * Workers' Compensation * Insurance Laws & Statutes/Coverage Resources
Mistakes on Certificates Versus Clear Policy Language
Can information inadvertently left on a Certificate of Insurance limit the breadth of protection extended from the policy? The real question is, does a COI alter coverage?
‘However’ – the Word that Neutralizes the ‘Absolute’ Pollution Exclusion
Amazingly claims adjusters still believe the commercial general liability’s (CGL’s) “absolute” pollution exclusion is, in fact, absolute. Bizarre stories abound of claim denials arising out of misapplications of the exclusion. Some accounts are myths and legends, but some are all too real. This article details the “howevers” in the CGL’s absolute pollution exclusion that makes it anything but absolute.
Lightning Learning: Cond​os - More Than a Box of Air, an Insurance Nightmare
Available free of charge now through August 5, 2021: This three-part series covers key information needed to write condos, provides key condo definitions, and explains who insures which property.
Are You Overlooking a $25,000 to $500,000+ Property Exposure?
A mural is a very real insurance exposure. One underwriter reported writing $500,000 coverage on an exterior mural. Just for the mural, NOT the building. Just an “average” mural (painted by a local, unknown artist) can cost the building owner between $10 and $20 per square foot. Meaning that even a relatively small mural (20x20) could cost up to $8,000 to have redone.
The PAP and College Students
Your 20-year-old daughter is away at college. She does not have a car on campus, but her roommate does and she drives the auto occasionally. Would your unendorsed personal auto policy respond if she has an accident driving the car? If not, is there anything you can do about it? You might be surprised...
2 Major Trends in Work Injuries and Workers’ Comp
While the number of compensable lost-time injuries have declined steadily for more than 25 years, work comp rates have not dropped. Why? Could the cost of injuries be to blame?
PAP Resource List by State
Download this handy PAP Resource list organized by state for easy reference.
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