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...
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 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...
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....
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...
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...
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...
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...
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...
Errors and omissions carriers and consultants highly recommend the use of insurance checklists to aid agents in smoking out the insured's true exposures and as proof that certain information was sought. Some agencies take the use of checklists so seriously that they...
