Increasing claim frequency could easily be a result of the economy’s drag on insureds and their clients. Desperate times call for desperate measures, and an insurance policy can look like easy pickin’s.
Some contractual requirements are nearly impossible to fulfill, and others are in conflict with each other. What’s an agent to do?
Continue reading about Your Insureds’ Contractual Requirements – Part 2
Agents are frequently provided insureds’ contract requirements in order to determine insurance needed. But contract requirements can go well beyond limits and Additional Insured status. Does an agent owe a duty to their insured to provide the coverage required by the contract? Or even more frightening — does the agent owe a duty to the insured’s client?
Continue reading about Your Insureds’ Contractual Requirements
Insureds buying or selling businesses are beset with many exposures that can be dealt with very elegantly by a management liability (D&O) policy. This is especially important for privately-held businesses.
100,000 kidnappings are believed to occur worldwide on an annual basis — and that does not include child custody battles or other child-related incidents. Yet many insureds omit coverage for this important risk from their insurance portfolio. It is easier to get and less expensive than most would assume.
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