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...'s Liability Bodily Injury by Accident: $ Each Accident Bodily Injury by Disease: $ Policy Limit Bodily Injury by Disease: $ Each Employee ... Deductible $ 1,000 UMBRELLA Limit of Liabi...

... uninsured motorist (UM) or underinsured motorist (UIM) coverage from the Commercial Auto policy. Limits issues. When losses occur with this line of business, the damages can be significant. Limits of $1 million might sound like a lot, but claims involving bodily injuries can easily exceed this. Thus, it makes sense to offer an Umbrella policy. If your insured doesn't want to carry a $1 million limit or an Umbrella, get their rejection in writing. This sign-off will give you a solid defense if a ... status/"Drive Other Car" coverage. It should be standard practice to offer the owners of the business (where the business is the named insured) additional "Named Insured" status or "Drive Other Car" coverage. If a business owner suffered an injury as a pedestrian or as a passenger in another vehicle, he or she would need this coverage to collect uninsured motorist (UM) or underinsured motorist (UIM) coverage from the Commercial Auto policy. Limits issues. When losses occur with this line of business ... the damages can be significant. Limits of $1 million might sound like a lot, but claims involving bodily injuries can easily exceed this. Thus, it makes sense to offer an Umbrella policy. If your insured doesn't want to carry a $1 million limit or an Umbrella, get their rejection in writing. This sign-off will give you a solid defense if a major claim occurs and the insured alleges you hadn't provided the proper coverage. When providing an Umbrella, especially with a different carrier than the primary, check that ...

... like a lot, but claims involving bodily injuries can easily exceed this. Thus...wo other cars. The value of the four Bodily Injury claims came to approximately $700,...

... look: Is it standard operating procedure in your agency to offer clients UM coverage equal to the limits of Liability? The price differential is only an extra $50 to $75 per vehicle and is well worth it. Some states are now requiring that limits for Bodily Injury/Property Damage (BI/PD) and Uninsured Motorist be the same. If you feel that you don't have to offer higher UM limits because an Umbrella is in place that will drop down in the event of a claim, be careful. Personal ... Commercial Umbrellas vary widely, so make sure that your company doesn't exclude UM on the policy. If an insured refuses the higher UM limits, many states and companies require that they complete a sign-off form. Even if prospects tell you verbally that they don't want the coverage, never sign the form on their behalf. You may want to check with the company to see if all Named Insureds should sign, or just the first Named Insured. Here's an example of an Uninsured Motorist claim that illustrates many of these points. The ... involves allegations that an agent failed to advise a client properly of the availability of higher limits of UM coverage and that the agent failed to obtain a written waiver of UM benefits equal to Liability limits as required by the state's Financial Responsibility Act. An ambulance owned and operated by one of the agency's clients was struck head on by an uninsured vehicle that had crossed the centerline of the highway. A nurse and patient were killed, and the driver was seriously injured. The insured's Business Auto policy had Liability limits of $500, ...

...are now requiring that limits for Bodily Injury/Property Damage (BI/PD) and Uninsured...be careful. Personal and Commercial Umbrellas vary widely, so make sure that y...

... pay and insurance benefits, which are usually excluded under occurrence Liability policies with EPL endorsements. EPL coverage attached to a General Liability or other occurrence-based Liability policy is not generally intended to provide extensive EPL coverage. Coverage under standard Liability policies is often limited to liability for bodily injury, property damage, and certain personal-injury offenses. Unless such a policy is properly endorsed, many of the allegations brought in an EPL suit would not be covered. CONCLUSION Writing EPL insurance on an occurrence basis has its advantages. For example, under claims-made ... , the limit of Liability may be more prone to exhaustion. Because a claims-made policy may cover prior acts, the limit of Liability might be spread over many years. It may be necessary to increase the limit beyond what might be considered sufficient under an occurrence policy. Another drawback of claims-made coverage is that as soon as the policy is canceled or expires, coverage ceases. This may require the purchase of Tail coverage, with no guarantee that such coverage will be available.[2 ] Today, however, stand-alone EPL insurance ... EPL policies provided coverage on an occurrence basis. Squeamishness about how losses might pan out led underwriters to issue EPL policies on a claims-made basis. But recently there have been instances of EPL coverage being issued on an occurrence basis-in endorsements, or added onto General Liability, Umbrella Liability, or other Liability policies. Although many people think that claims-made coverage is inferior to occurrence coverage, there are arguments why this might not be true in regard to EPL coverage. EPL insurance has changed greatly in recent years. Just a few years ago ...

...is often limited to liability for bodily injury, property damage, and certain personal-injury offenses. Unless such a policy is pro...