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...ave coverage for the underground property damage. The insurance carrier for th...nt is that it should exist. Innovation and creativity have no place in the she...

... was adequately covered for the consequences of having to move his premises after a property-insurance loss. (Doesn't this sound a bit like Time-Element coverage?) A loss occurred, but Time-Element coverage had not been purchased, so extra-expense monies were not in place to hire the mover, lease the new location, put in the phones, bring in new inventory, and notify the insured's customers of the change. Getting back in action rapidly was crucial for the insured's business of selling upscale formal gowns to high-school seniors who were graduating within the ... the insured had all the coverages required by the general contractor's contract. The general contractor reported a loss arising from the insured's work. The loss resulted in discontinuation of underground utility service to a major manufacturing plant. The insured did not have appropriate coverage for the underground property damages. The general contractor's insurance carrier responded to the loss, and then subrogated against the insured. The insured then sued the agent. Result: Finding for the plaintiff (the insured) . Failure to obtain proper coverage accounts for more than 50% of ... his fur-cleaning firm. Unfortunately, the agent did not obtain insurance covering the bailee exposure that comes with cleaning and storing valuable fur items. Result: Finding for the plaintiff (the insured) . Case 2: The insured, a swimming pool subcontractor, required General Liability and other coverages to maintain his business relationships with his clients (general contractors) . A Certificate of Insurance was issued to a general contractor indicating that the insured had all the coverages required by the general contractor's contract. The general contractor reported a loss arising from ...

...ate coverage for the underground property damages. The general contractorR...ave a system. Innovation, spontaneity, and creativity have their place in age...

... determine if he was adequately protected from loss arising from having to move his premises after a loss. Sounds a bit like a piece of coverage called Time Element, doesn't it? The loss occurred, and the extra expense monies were not in place to hire the mover, lease the new location, put in the phones, bring in new inventory, and notify customers of the change. Getting back in action was critical to his business (selling upscale formal gowns to the high school seniors who were graduating within the next few ... client. The client, a general contractor, reported a loss arising from the work of the insured. The loss resulted in discontinuation of underground utility service to a major manufacturing plant. The insured, a swimming pool subcontractor, did not have coverage for the underground property damage. The insurance carrier for the general contractor responded to the loss, and then subrogated against the pool contractor. Finding for the plaintiff-who subsequently found another insurance-related resource: his agent's E&O policy. These cases continue to occur, and the failure to ... items. Award for the plaintiff (insured) . If that sounds like a simple mistake, take a look at this error in obtaining the proper coverage: Case No.2: Failure to Obtain Proper Coverage To maintain his business relationships with clients, the insured required general liability and other coverages. A certificate of insurance was issued indicating that the insured had all the proper coverages to meet the standards of contracts required by the client. The client, a general contractor, reported a loss arising from the work of the insured. The ...