Signs

Does your prospect need Sign coverage? It may take a little digging to find whether current policy covers it.
Understanding details of sign coverage enables an agent to point out a gap to a prospect, and to solve the problem in one conversation.

Duty to Defend

Duty to Defend 2 minute read It is well settled that the duty to defend is greater than the duty to indemnify. But what if the insurance carrier does not have a duty to defend? What are the other alternatives? Most businesses want a duty to defend, and fortunately, that is what most policies use. […]

Operations Limitation

Operations Limitation 2 minute read Does that quote include an Operations Limitation? Maybe it doesn’t sound too ominous. It’s one of those titles on a policy form that is a bit ambiguous. It might apply to an Additional Insured, restricting coverage to the policyholder’s premises, or restricting coverage to a particular project. In fact, limitation […]

Utility Services

Utility Services 2 minute read Consider these loss scenarios: A fire at the electrical utility results in a blackout. The loss of power at a glass factory means all of the glass in process is ruined. In addition, the power shutoff damages several pieces of equipment. A brownout lowers the amount of power coming to […]

Garagekeepers

What is the difference between Garage Liability and Garagekeepers Legal Liability?

First Named Insured

Does it matter which Insured is listed first?

GL Aggregate Types

Which type of Aggregate Limit does your prospect need?

VINs

Is a VIN just a serial number? How is it assigned, and does it mean anything?

Vegetation

Is your prospect’s vegetation covered? Does the business owner think it’s covered?

Employers Liability

Employers Liability is the lesser known younger sibling of Workers Compensation. In all but 4 states (see this post), a WC policy has 2 parts: Workers Compensation and Employers Liability. What does EL cover?

Hammer Clause

What is a Hammer Clause, and is it beneficial to an insured? Understanding the Hammer Clause enables an agent to point out potential extra expenses to a prospect. Improving this clause can help win the account.

How High Should Liability Limit Be?

Insurance professionals should always offer higher liability limits in writing, whether it is for an Umbrella, Cyber, D&O, Product Liability, the list goes on. The offered limit should be higher than expiring.

Defense Inside – New Nevada Law

Knowledge of the new Nevada law enables an agent to explain coverage differences and premium increases.

Recently Nevada enacted a law prohibiting insurers from issuing or renewing liability policies that use Defense Inside provision. The law takes effect October 1, 2023. Defense Inside is a provision often used in these types of liability policies:
Professional Employment Practices
Cyber Directors and Officers
Product Management
Environmental

The Importance of Continuous Learning in the Insurance Industry

The Importance of Continuous Learning in the Insurance Industry 1 minute read In the dynamic and ever-evolving world of insurance, staying ahead of the curve is crucial to success. As insurance professionals, we understand the significance of continuous learning and its impact on our ability to provide exceptional service to clients. In this blog post, […]