49 results

AAIS Introduces Standardized Forms for Equipment Sales, Rental Operations

April 7, 2009

Insurers seeking to write property coverage for equipment sales and rental operations now have access to a new set of standardized policy forms and coverage schedules for d...

Business Income's Miscellaneous Policy Provisions

February 27, 2009 by Christopher J. Boggs, CPCU, ARM, ALCM

Nine pages! The business income (BI) form is a mere nine pages; but these few pages encompass what has historically been confusing, scary and undersold. Hopefully some of t...

How to Calculate the Leasehold Interest Exposure

January 27, 2010 by Christopher J. Boggs, CPCU, ARM, ALCM

Two values must be developed before calculating the amount of leasehold interest coverage purchased: gross leasehold interest (GLI) and monthly leasehold interest (MLI). G...

Calculating the Leasehold Interest Exposure

July 8, 2009 by Christopher J. Boggs, CPCU, ARM, ALCM

Two values must be developed before the insurable amount of leasehold interest coverage can be calculated: gross leasehold interest (GLI) and monthly leasehold interest (ML...

Four Commercial Auto Endorsements Every Insured Should Consider

August 18, 2009 by Christopher J. Boggs, CPCU, ARM, ALCM

Insurance Services Office (ISO) lists more than 100 endorsements available for use with the business auto policy (BAP) (the total number varies by state). Out of that heap ...

Four Commercial Auto Endorsements Every Insured Should Consider

July 29, 2009 by Christopher J. Boggs, CPCU, ARM, ALCM

Insurance Services Office (ISO) lists more than 100 endorsements available for use with the business auto policy (BAP) (the total number varies by state). Out of that heap ...

Step-by-Step Instructions for Completing the Business Income Application

March 4, 2009 by Christopher J. Boggs, CPCU, ARM, ALCM

Understanding business income protection does little good if the information cannot be translated to the underwriter via the application. The ACORD 810 is the industry-stan...

When Business Income is Lost After Reopening - Extended Business Income

February 13, 2009 by Christopher J. Boggs, CPCU, ARM, ALCM

Arriving at the end of the defined "Period of Restoration" does not generally trigger the insured's immediate return to pre-loss "operational income" levels. The ability to...

Obama Inauguration May Raise Insurance, Legal Issues for Enterprising Homeowners

December 1, 2008 by Christopher J. Boggs, CPCU, ARM, ALCM

The days leading up to the inauguration of Barack Obama could be an economic windfall for residential property owners in and around D.C. Washington Post staff writer David ...

No Coverage For Golf Carts?

October 29, 2008 by Christopher J. Boggs, CPCU, ARM, ALCM

The Commonwealth of Kentucky and the Village of Pinehurst, North Carolina each enacted legislation and ordinances in the last few months governing the use of golf carts on ...