VU Resources

If a commercial contractor is now doing residential work because of market conditions, watch out for a residential exclusion.

If you have a client written on a “claims made” policy, a polling letter can save them from an uncovered claim and you from an E&O loss. Polling Letters are…

Is the phrase, “…direct physical loss of or damage to…” ambiguous? Plaintiff attorneys are trying to convince courts that it is. Simply, it’s not, and this article explains why.

ISO’s first major change to the Homeowners’ program has been filed. These changes are scheduled to take effect beginning March of 2022. Although this sounds like a long time from…

Replacement cost isn’t what the insured thinks it is, and it’s the industry’s fault. When we say “replacement cost,” insureds hear, “I’m getting new stuff for old.” Depending on the…

COVID has affected many areas of life in the US, one is the cost of building materials. Regardless the reason, the cost to rebuild a structure has increased dramatically over…

ISO’s Commercial Property Conditions (CP 00 90) gives the insured up to two years to file suit against the insurance carrier. Should the agent advise their insured on this limitation?…

The employee decides to take his or her work “on the road” now that they are allowed to work from home – or anywhere. When the employee takes a “workcation”…

Not much has been certain over the past year other than the need to continously adapt to a changing environment and seek out available resources to support our new normal.…

BOP policies are not “all that.” There are some gaps every agent must know and understand before settling on a BOP.