Most policy forms contain defined terms or phrases that have very special and often very specific meanings. Insurers use these terms and phrases to limit the scope of coverage afforded by the policy. These defined terms are easily identified as they are capitalized and in Bold lettering throughout the policy (they can also appear in

A common ask in the business world is for another party to be ‘named’ as an ‘Additional Insured’ or ‘Loss Payee’ on your insurance program. And they will endlessly hound you for a revised Certificate of Insurance (COI) until it says exactly what they want. The ‘name’ wording is what can get you into trouble

It may not seem true, but the last 20 years have been pretty good for insurance buyers. Insurance premiums were relatively low, and coverage was readily available. Those days where you could simply rely on your broker and carrier relationships are long gone. In a treacherous market, the almighty dollar trumps decade long relationships, golfing

When businesses essentially ‘shut down’ and started having employees work from home back in February and March of this year, we did not see much drop-in production. We thought to ourselves, “alright, this isn’t so bad.” However, that was when we were used to addressing risk within a brick and mortar setting. Now we are

At the end of 2019, after nearly two decades of a soft market, we started to see a ‘firming’ of the commercial insurance industry. Top that with the issues brought about by the COVID-19 pandemic, carriers will continue to raise rates and reduce policy limits in 2020. There are a variety of risk management techniques