Articles

• Development of the Modern Claims Made Liability Form

  February 8, 2010 | 2 comments »

  Rarely are clients immediately aware of the wrongful or erroneous actions of the "professional" they trusted to perform specific duties or services; mainly because "professional" acts or errors do not or only seldom cause immediate injury. A "professional's"...

• Marketing to Funeral Homes

  February 5, 2010 | 1 comment »

  Funeral homes, while a common site in nearly every community, are not common in the services offered. Beyond arranging funerals, burials or cremations, many sell burial vaults, sell/rent caskets and burial clothes. Other services offered include: retrieving bodies...

• Underwriting Chimney Sweeps

  February 3, 2010 | 0 comments »

  Setting up a chimney sweep business is relatively inexpensive and requires NO specific license in many states. Overall, professional chimney sweeps operate in a relatively unregulated environment allowing less-than-professional practitioners to operate in this...

• Insurance Journal Exposes Unique Insureds

  February 1, 2010 | 0 comments »

  Insurance Journal launched a new video series last year entitled "Watching the Risks." The premise of the series is the uniqueness of every industry and the insurance and risk management issues specific to each type of insured. To date, IJ has posted six of these...

• Understanding the Leasehold Interest Policy's Remaining Provisions

  January 29, 2010 | 0 comments »

  A discussion of the leasehold interest coverage form's loss calculations and its vacancy provisions complete this three-part series on this highly undersold coverage. Prior posts detailed the expenditures covered by the form and the necessary coverage calculations....

• How to Calculate the Leasehold Interest Exposure

  January 27, 2010 | 0 comments »

  Two values must be developed before calculating the amount of leasehold interest coverage purchased: gross leasehold interest (GLI) and monthly leasehold interest (MLI). Gross Leasehold Interest (GLI) Gross Leasehold Interest (GLI) is the difference between the...

• Understanding the Need for Leasehold Interest Protection

  January 25, 2010 | 4 comments »

  Commercial property vacancies remain high across the country. Economists and commercial real estate professionals paints a less-than-pretty picture for commercial property owners and landlords in the near future. Empty or partially empty buildings produce no income...

• Limiting Covered 'Operations' in the CGL (Part 2)

  January 21, 2010 | 3 comments »

  Two days ago we posted the first in this two-part series on limited designated operations endorsements. Discussed and corrected were the assertions that: Coverage is reduced by attachment of the endorsement; The endorsement limits the activities in which the...

• Understanding how the 'Limited Operations Endorsement' Affects the CGL

  January 19, 2010 | 4 comments »

  Improper application of insurance terminology by some insurance news sources created a wave of worry last year over an endorsement these outlets asserted severely limits the protection provided by the commercial general liability policy (CGL). Readers were even...

• Insurance Implications of Assault and Battery

  January 15, 2010 | 5 comments »

  Earlier this week we ran an article on liquor liability coverage'which elicited many questions regarding the availability of coverage for assault and battery'in the commercial general liability (CGL) and liquor liability policies. Below'are parts of an article I ran...