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Additional Insured

Broad Form Auto Endorsement

If you are shopping for your business auto insurance consider getting quote from Hartford. With a broad form auto endorsement you are getting: Coverage Who Benefits Most Claim Scenario Loan Gap Coverage – When a financed vehicle is declared a total loss and your insured’s outstanding loan balance is greater than the actual cost value of the vehicle, The Hartford will pay the difference between the outstanding loan balance and the actual cash value of  the vehicle. This is a new coverage! Any small business owner that finances company vehicles Like many small business owners, Jane financed the Ford F350 truck… Read More »Broad Form Auto Endorsement

Travelers New Commercial Auto Endorsement CAT4200710 edition

I m a g i n e   T h i s : You own a small consulting firm. One of the employees has a meeting with one of the firm’s most important customers located across town. The employee decides to use his own personal car to get there. While en route to meet the customer, the employee runs a red light and injures a pedestrian crossing the street. Unfortunately, the employee’s personal auto policy did not fully cover this loss. Luckily, you purchaseв the Select Auto CoveragePlus endorsement along with liability coverage for any auto under your current Travelers… Read More »Travelers New Commercial Auto Endorsement CAT4200710 edition

Non-Profit Management Liability (D&O / EPL / Fiduciary Liability)

In addition to the full complement of HR helpline services available to policyholders, we have been a consistent, steady market for Non-profit D&O and related coverage for over 6 years. We can provide coverage for virtually all classes of business, including nursing homes, water districts, airport authorities and social service organizations. We can work from any carrier’s application, turnaround time is about a day, and policy issuance usually happens within a day. We offer A+ A. M. Best security from Old Republic Insurance Company, defense costs outside the limits, and no emotional distress or mental anguish exclusion of any sort.… Read More »Non-Profit Management Liability (D&O / EPL / Fiduciary Liability)

“Your Work” Exclusion on CGL Policy

Insurance isn’t a warranty. It doesn’t replace faulty work or products, but it does cover the Bodily Injury (BI) and Property Damage (PD) caused by the faulty work or product. The exclusion of faulty work often referred to as “your work”. One of the most contested provisions of the commercial general liability (CGL) policy is the provision excluding coverage for property damage to the insured’s completed work. In 1986 Insurance Services Office, Inc. (ISO), revised the standard CGL policy form to include an exception to this exclusion if a subcontractor performed the work for the insured. This revision has become… Read More »“Your Work” Exclusion on CGL Policy

What is Additional Insured?

If you have business insurance policy than there is always a chance some one who you deal with can ask to be named as additional insured. There are several different types of additional insured. Let’s look at the most common ones, but before a little of terminology:Insured – you and your company a. Additional Insured – Designated Person or Organization Coverage may be provided for designated person or organization as an additional insured with respect to their liability arising out of the insureds operations or premises owned by or rented to this insured. b. Additional Insured – Manager or Lessors… Read More »What is Additional Insured?