https://completemarkets.com/Article/article-post/2574/Sample-Presentation-Package/
... Non-Owned Watercraft
Limited Worldwide Liability
Extended Bodily Injury
...MBRELLA
Limit of Liability
Premium
Limit of Liability
Premium
ENERGY...
https://completemarkets.com/Article/article-post/2136/LOOKING-TO-INSURE-SOCIAL-SERVICES-AGENCIES/
...t what the agency has planned. If liquor might be served at fund-raisers, be s...limit options to consider. Sizeable Liability/Professional losses can occur wh...
https://completemarkets.com/Article/article-post/2126/Restaurants-And-Taverns-%E2%80%94-A-Potential-E-O-Headache/
...ault & Battery exclusion. The Liquor Liability carrier denied coverage because there were no Liquor Liability allegations in the complain...rella to respond over the underlying Liquor Liability coverage.
When taking an acc...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1635/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-4-OF-4/
... . The premium often can be directly affected by improving conditions. A cost-benefit analysis can follow identification of the charges and credits in the rating schedule. This should be performed periodically. Breadth of Coverage When planning insurance, the most important points are complete coverage and adequate limits. Complete coverage gives the most trouble. With Property insurance, the goal is to have all-risk protection rather than named perils' coverage. The latter covers such perils as fire, windstorm, and explosion, and can create a false sense of security because it ... : utility, toll road or bridge, auditorium, and so forth Loss of taxes because of destruction of a principal taxpayer's property Extra expenses from administrative dislocations following any catastrophe Extra expenses from hand processing data after loss of data-processing facilities Unusual types of liability, such as liquor liability, that are not perceived as important until an unforeseen situation Loss Prevention Safety programs affect insurance costs indirectly by reducing losses (which in turn indirectly affect premiums), but few safety measures are recognized in liability rating. To find out exactly what measures are ... of an income-producing activity: utility, toll road or bridge, auditorium, and so forth Loss of taxes because of destruction of a principal taxpayer's property Extra expenses from administrative dislocations following any catastrophe Extra expenses from hand processing data after loss of data-processing facilities Unusual types of liability, such as liquor liability, that are not perceived as important until an unforeseen situation Loss Prevention Safety programs affect insurance costs indirectly by reducing losses (which in turn indirectly affect premiums), but few safety measures are recognized in liability rating. To find out ...
https://completemarkets.com/Article/article-post/1635/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-4-OF-4/
... IX.' The Best ratings have only limited usefulness (some insurers with high ...
https://completemarkets.com/Article/article-post/2135/E-O-EXPOSURES-IN-INSURING-YOUR-NEIGHBORHOOD-TAVERN/
... and document these discussions. Liquor Liability Liquor liability is a key coverage for any tavern. B... special events that require higher liability. Many time element coverages con...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2121/KNOWLEDGE-ACTION/
... a party at the home of a client and noticed they have a pool that's not covered in their Homeowners policy. You disregard what you've seen. A neighborhood child then drowns in the pool and your client is sued for a $1 million. The only available limit is the Homeowners limit, which isn't enough in this case. The client brings a claim against your agency. You can certainly expect the plaintiff's attorney to ask why you didn't advise your client to purchase an Umbrella Liability policy. Unfortunately, these stories happen all ... often. One that comes to mind involves an agent who stopped in a client's convenience store and noticed that the business had begun selling beer. But the agent never talked to the owner about liquor liability. Unfortunately, there was a fatality involving customers that bought beer at the store. The client sued the agent and the case was settled. Let's face it - you can't go around with blinders on! Be on the lookout for changes in exposures and contact the client - it's the right thing to do. This article originally ... in the Utica National Insurance Co. E&O Bulletin and is reproduced with permission. Curtis M. Pearsall, CPCU, AIAF can be reached at Utica National Insurance Group, P.O. Box 530, Utica, NY 13503, (800) 274-1914, fax (315) 734-2807. e-mail [email protected] . Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save ...
https://completemarkets.com/Article/article-post/2121/KNOWLEDGE-ACTION/
...t never talked to the owner about liquor liability. Unfortunately, there was a fatalit...