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Download PDF   Additional Insured – A Look at ISO CG 20 10   Introduction The Insurance Services Office (ISO) provides standard insurance policy language for the insurance industry’s use, including additional insured endorsements.  We are going to focus today on the industry standard additional insured endorsement ISO CG 20 10. Specifically, we will be looking at the ISO CG 20 10 07 04 edition and contrasting that to the ISO CG 20 10 11 85 edition, since there are significant differences between the two, with the 11 85 edition being the broader and more desirable version. Background An additional…

  Introduction – Download PDF   Third-Party-Over Action CGL Exclusions   Introduction The International Risk Management Institute (IRMI) defines third-party-over action as: “A type of action in which an injured employee, after collecting workers’ compensation benefits from the employer, sues a third party for contributing to the employee’s injury. Then, because of some type of contractual relationship between the third party and the employer, the liability is passed back to the employer by prior agreement. Depending on the nature and allegations of the action, coverage may be afforded under the contractual liability section of the employer’s commercial liability policy or the employers’…

Download PDF   Tenant Discrimination Coverage   Introduction Property Owners and their managers have an exposure to claims where a tenant, former tenant or applicant for tenancy alleges discrimination on the basis of race, age, sex, nationality or religion.  This exposure is heightened for residential owners and managers and can extend to individuals who own and lease rental properties.  This “tenant discrimination” exposure is usually not covered in commercial general liability or employment practices liability insurance policies. In this article, we will look at the policy language in an ISO commercial general liability coverage form and typical employment practices liability…

  Introduction – Download PDF   Contractual Liability Insurance and Your Vendors   Contractual liability insurance coverage is insurance which covers the liability assumed by an insured (one party) in a contract with another party to pay for damages to a third party. Consider this claim scenario: an electrician signs a contract with a building owner to perform maintenance work in the building lobby and that contract includes a hold harmless clause.  An unrelated third party is injured while walking in the lobby due to the electrician’s negligence and the injured third party sues the building owner. If the electrician maintained a…

Download PDF   What Is Allowed On Certificates of Insurance   Introduction Almost every week I read something new in an insurance publication, industry group newsletter, insurer email, State Insurance Department bulletin and so on pertaining to what “is” and “is not” allowed on certificates of insurance. With all of this information (and some misinformation) in the insurance marketplace; it is easy to understand how misreading a bulletin or quickly scanning a new state regulation or even not having enough time in the day to stay current, can cause confusion and frustration on this topic.  How many of us have…

Download PDF   Crime Insurance – Discovery vs. Loss Sustained Form   Introduction A crime insurance policy typically provides several different types of crime coverage, such as: employee dishonesty coverage; forgery or alteration coverage; computer fraud coverage; funds transfer fraud coverage; money and securities coverage; and money orders and counterfeit money coverage. The Surety Association and the Insurance Services Office (ISO) provide standard insurance policy language for the insurance industry’s use, including crime insurance.  We will discuss key differences between ISO’s “Discovery” and “Loss Sustained” crime insurance policy forms. Background Historically, commercial crime insurance was written on a loss sustained…