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...d to provide protection for your property, casualty, workers compensation, bus...ow this protection can enhance your property insurance portfolio. Cordially ...

... the privilege and responsibility of handling your Personal insurance program. Part of our responsibility is making sure that your insurance program is up to date. That is why I am writing to you today. We are worried about the increase in liability suits for personal injury and property damage and the huge settlements that are being awarded. The suits are growing in frequency and the judgments are increasing. After checking with several insurance companies, we were able to find a Liability package to add to your present program. This package will add $ ... million coverage to the various kinds of Liability insurance you presently carry and fill gaps that presently exist. We hope that a large lawsuit does not happen, but, due to some unusual situation it does, let's be prepared. Please call or return the enclosed card as soon as possible. QUOTE: Without Medical: $ ____1st year; $ ____ 2nd year; $ ____ 3rd year Sincerely, Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? ... have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Personal Umbrella Liability 4/30/2013 10:38:09 PM by CompleteMarkets Editor This content has not been rated yet. &# 160 PERSONAL UMBRELLA LIABILITY Dear (Customer Name), Thank you for the privilege and responsibility of handling your Personal insurance program. ...

... you damage a customer’s home or property or cause an accident on the job site... coverage if they’re lost, stolen or damaged. Umbrella - After you exhaust your other policies, use your umbrella policy to cover any remaining lia...

...ty suits for personal injury and property damage and the huge settlements that are bei...

...uction of a principal taxpayer's property Extra expenses from administrat...y, but don't settle for an inferior Umbrella. Insurance Companies and Their...

... a second home or any other real property, such as a cabin, farm property, or any income-producing property? ...would you like a quotation for your Property Liability and Professional Liabil...

... 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 and Commercial Umbrellas ... 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 case involves allegations ... 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 $500,000 but UM ...

... 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 policies, the ... U.S.C. section 1983 Retaliation against any insured for filing under the Federal False Claims Act, in connection with whistle blowing, union activities, or strikes and lockouts Wrongful deprivation of career opportunity or failure to grant tenure BREADTH OF COVERAGE Many claims-made EPL policies also cover economic damages such as front and back 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 ... 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 ...

...ddress a broad range of issues. Property Exposure For agencies that rent fac...commend offering the client several Umbrella limit options to consider. Sizeab...

... a second home or any other real property, such as a mountain cabin or farm property? ...-employed professional, do you have Property Liability add Professional Liabil...