https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
... to a general contractor, you would probably need to list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess policy excludes certain coverage (example: pollution), should the agent list the excess policy? If the certificate request is to show proof of Pollution coverage, the agent should not indicate on the cert any policies that exclude this coverage. Listing the policies although the coverage was excluded (even with a notation) might confuse the certificate holder. If you need to issue a cancellation notice (some carriers are putting this on the agent's ... and center in agents' minds. According to industry statistics, the handling –or improper handling –of certificates of insurance accounts for 2% to 4% of E&O claims. Although this isn't a huge percentage, it's higher than it should be. As you probably know, a certificate of insurance provides a snapshot at one point in time; it neither modifies coverage nor changes the terms of the contract. ACORD has come out with a new version of the ACORD 25 form that's creating anxiety among a number of agents. Based on feedback from the 200 or so agents at the Nashville session, some certificate holders might reject both the current ACORD 25 form and the new version. Many entities don't like the new form. As Joyce Sigler commented at the ...
https://completemarkets.com/Article/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
...ludes certain coverage (example: pollution), should the agent list the excess ...ificate request is to show proof of Pollution coverage, the agent should not i...
https://completemarkets.com/Article/article-post/92/Offense-Or-Defense-Converting-Management-Problems-To-Opportunities/
...operty Liability coverage with a Pollution exclusion.
Solution: Develop an onl...
https://completemarkets.com/Article/article-post/1497/TELECOMMUTING-BRING-THE-WORK-BUT-NOT-THE-RISKS-TO-THE-WORKER/
... Facilitates compliance with air pollution and trip-reduction regulations. The...cities with certain levels of ozone pollution to implement trip-reduction prog...
https://completemarkets.com/Article/article-post/240/Developing-A-Marketing-Plan-In-A-Distressed-Agency/
...list for employment practices or pollution. This is a way to be very creative ... such as an employment practices or pollution checklist with a fax response/re...
https://completemarkets.com/Article/article-post/1669/FINANCIAL-INSURANCE/
...ity (including products recall), Pollution Liability, Errors and Omissions Lia...s technique could be useful include pollution liability, products-recall liabi...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1903/RISK-MANAGEMENT-MAXIMIZE-GOOD-AND-MINIMIZE-BAD/
... "dynamic risk" and "static risk." A changing environment (lighting, hurricanes, earthquakes, floods, etc.) does not affect static risks. Change does affect dynamic risk. In the 19th century, cowboys and Indians created risk for each other. Wars with muskets and cannon were a problem; nuclear war wasn't. Train and stagecoach robberies were an issue; carjackings weren't. Pollution was about road apples; today it's about superfund sites and oil spills. In yesterday's world, hurt feelings often led to a duel — today, they lead to lawsuits. &# 160 The world of business is changing; there's a need for strategic and marketing planning, an evolving entitlement mentality, a growing sense of victimhood, and expectations for large short-term return on investments. We're also ... more class action lawsuits, higher punitive damages, and less confidence in our institutions and professions (legal, medical, accounting), etc. These developments present significant challenges and threats to every organization. The traditional role of insurance has been to transfer catastrophic risks by identifying (selecting) the risk, defining coverage, and establishing a price. As a practical matter, in recent years the courts have often reinterpreted coverage to provide protection not anticipated or priced for when the policy was issued. In my opinion, we're rapidly moving toward a system of policies without exclusions that will mean more loss funding and less risk transfer. &# 160 Tomorrow the dominant exposures (threats or challenges) facing business will be: The cost of the legal system. The expense of financing health care. The ...
https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
... include Professional Liability, Pollution Liability, Errors & Omissions, ...
https://completemarkets.com/Article/article-post/1903/RISK-MANAGEMENT-MAXIMIZE-GOOD-AND-MINIMIZE-BAD/
...ssue; carjackings weren’t. Pollution was about road apples; today it...
https://completemarkets.com/Article/article-post/2500/OIL-GAS-INDUSTRY-GROWING-INSURANCE-OPPORTUNITIES/
... Pollution/ Environmental
...