Timing being everything, as it usually is, our last two posts dealt with issues arising from an insured’s commitments under contract and the insurance that endeavors to support those commitments. Those topics cannot be discussed without also touching on an insurance agent’s duty to provide the coverages that purport to fulfill those requirements. Gazing into my […]
Some contractual requirements are nearly impossible to fulfill, and others are in conflict with each other. What’s an agent to do?
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?
Busy travel and meeting schedule has certainly created an obstacle to posting recently. Hoping to get back on track now!
Extra commission for real estate risks bound or submitted in September.