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Historically, insurance products have followed the road most traveled with a few detours. By tradition, insurance product development has been a slow methodical process. However, this changed with the introduction of cyber insurance; this insurance emerged and accelerated through the market after a bumpy start. It continues to evolve at a pace close to the…

The Cyber Insurance Academy defines Operational Technology (OT) as “the management of machines used in heavy industries like production line management, mining operations, oil & gas monitoring, and other similar activities, as well as manufacturing process control systems and building systems.” The cyber insurance industry is taking a proactive approach to operational technology (OT) by…

Download PDF Introduction Insurance is frequently the last item that a new business considers and the first item that they need to have evidence of. It’s often necessary to close a client contract or get a product into the market. Most entrepreneurial, innovative and disruptive businesses, whether product or service driven, leave this important discussion…

Download PDF   New Jersey Surplus Lines Insurance Taxes & Fees   Introduction As the commercial insurance marketplace continues to evolve, one trend that has become more common, particularly in the surplus lines marketplace, is the proliferation of fees being imposed by wholesale and retail agents and brokers. Considering this, we decided to take a…

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…

  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…

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…