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
Agents are often befuddled when a professional liability carrier refuses to provide an additional insured endorsement or excess limits appear to be too expensive.
Continue reading about Quirks in the PL World – 1/7/10 Knowledge Knugget
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.
LinkedIn
Twitter
Facebook