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
Carriers usually restrict the limits they’ll quote based on an insured’s asset size or revenue. However, with defense costs running amok, is this a valid benchmark?
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