Why Are Real Estate Managers CGL Insureds?
The ISO CGL policy includes real estate managers as insureds in the Who Is An Insured section. Why?
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Does the ISO BOP Cover Undescribed Structures?
The ISO Commercial Property form, CP 00 10, requires that buildings and structures be described in order for coverage to attach. However, ISO’s Business Owner’s Policy only requires that the…
Squirrely Building Damage Claim
A squirrel entered a community center building that had just undergone a $2 million renovation. It either gnawed some wiring or otherwise came in contact with the electrical system, causing…
The Importance of “Entirety of Contract”
To determine whether a claim is covered, we usually start with the Insuring Agreement. If that’s triggered, we then look to the Exclusions to see if coverage for the claim…
Are ‘Mudslides’ Covered by HO or Flood Policies?
We are all aware of the human tragedy involved in the landslide which buried homes in Darrington, Washington in March 2014. From the perspective of our industry, the first question…
Insuring Gift Cards – Commercial Lines
An insured stores activated gift cards worth several million dollars in a warehouse. The commercial property insurer says they’re not covered because they’re “evidences of debt” and the same as…
ISO’s 2014 Data Breach Exclusion Endorsements
Perhaps a large majority of all businesses are subject to data breach liability whereby someone steals or makes unauthorized use of personal or confidential information, often of customers. Such data…
New in 2014: Business Income Coverage for Autos and Mobile Equipment
Many mobile businesses today rely almost exclusively on the vehicle(s) used in the business. As a result, if a vehicle is put out of commission, the business can suffer a…
Physical Damage Coverage for an Auto’s Equipment
Some businesses may have substantial values in equipment that is used while attached to an auto. Can this be covered under the physical damage section of a Business Auto Policy…
Margin Clauses and Blanket Insurance
Commercial insurers have increasingly incorporated provisions into their coverage forms and/or endorsements that can create significant coverage gaps when property is insured on a blanket basis. The use of a…
