July 27, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments
This scenario represents an actual coverage flaw in an insurance program of a well run, profitable business. An agent sold the standard form to a company using their equipment on, around and even within bodies of water. Here is an excerpt from the policy removing coverage: The agent and the underwriter intended to cover the […]
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Hall of Shame – No Coverage for Waterborne Equipment
July 27, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments
This scenario represents an actual coverage flaw in an insurance program of a well run, profitable business. An agent sold the standard form to a company using their equipment on, around and even within bodies of water. Here is an excerpt from the policy removing coverage: The agent and the underwriter intended to cover the […]
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Hall of Shame – Injury to Independent Contractors Exclusion Creates Severe Coverage Gap
July 27, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments
This exclusion removes coverage for any work done by an independent contractor: Here is an outline of an everyday exposure for a typical (ABC) company that utilizes subcontractors (as you know, there are not many companies who do not use a subcontractor in some capacity): This exclusion removes coverage for any claims arising out of […]
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