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 […]
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?
Agents are often befuddled when a professional liability carrier refuses to provide an additional insured endorsement or excess limits appear to be too expensive.
For most policies you will ever write, your insured is the entity that is the Named Insured. However, there are a couple of exceptions, and the nature of the exception can affect how you interact with your insureds. The exception that’s weighing on my mind at the moment is D&O coverage. Even when you write […]
Business relationships are all about contracts, and certain breaches of contracted expectations give rise to coverage under an E&O insurance policy.