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... you can rest easy. This article addresses two specific issues that might indirectly affect more of your clients than you realize. ADEQUATE REPLACEMENT COVERAGE If your clients' homes or business properties were destroyed tomorrow, would they have adequate replacement coverage? The cost of materials has escalated significantly over the past few years. Lack of availability for items such as copper, plywood, steel, studs, and rebar have greatly increased residential and non-residential building costs. According to a recent report from Marshall & Swift/Boeckh, up to 65% ... work on the effective date of the policy in any state not listed in Item 3A of the Information Page, coverage won't be available in that state unless the company is notified within 40 days. The key issue is number four. Let's say that you insure a contractor who has gone to a storm-ravaged state for work. Their policy will cover the employees, provided that they began working in those states after the Workers Compensation policy went into effect if the state was not indicated on the policy. Now the policy comes up for ... exposure. Although your clients might not have suffered from a natural catastrophe, that doesn't mean you can rest easy. This article addresses two specific issues that might indirectly affect more of your clients than you realize. ADEQUATE REPLACEMENT COVERAGE If your clients' homes or business properties were destroyed tomorrow, would they have adequate replacement coverage? The cost of materials has escalated significantly over the past few years. Lack of availability for items such as copper, plywood, steel, studs, and rebar have greatly increased residential and non-residential building costs ...

...f 27%. It certainly appears that Property coverage has failed to keep pace wi... your Personal Lines and Commercial Property clients about their ITV and take...

... to that your E&O coverages, Property, and Workers Comp, plus all the othe...