Coverage Hall of Shame - KMRD Partners

Fitness Exclusion on Fitness Center Insurance Program

October 27, 2015 / 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. A popular fitness center’s General Liability policy included the following endorsement. Isn’t it obvious?! Hire the insurance professional with a proven system to make sure every detail of the policy is reviewed and negotiated to meet the needs and concerns of your management team. […]

Hall of Shame – Fellow Employee Exclusion in the Standard Auto Policy

October 1, 2015 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments

This scenario represents an actual coverage issue in an insurance program of a well run, profitable business brought to light and altered by KMRD. The following claims scenario was troublesome to the CEO and CFO: Key manager drives an employee using a company vehicle to a client’s office for a meeting. An auto accident occurs and […]

Insurance for Landscapers – No Coverage for Trees and Shrubs or Plants qualifies for KMRD HALL OF SHAME

August 3, 2015 / 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. A commercial landscaper utilized a carrier that aggressively targets his industry and controls a large market share of landscapers in the region. A significant risk surrounds the requirement to deliver plant and tree inventory to their jobsites prior […]

Hall of Shame – Bigger is Better…Right? Large Insurance Brokers May Not Be The Best Fit

September 4, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments

This case study represents an actual coverage flaw in an insurance program of a well run, profitable business. An established multi-national Pharmaceutical company sought the financial support of a large investment firm. As part of the deal, the firm forced the company to abandon our services for the services of a large multi-national broker, because “they […]

Hall of Shame – No Products Liability Coverage for Chemical Company

August 4, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage / 0 comments

This scenario represents an actual coverage flaw in the manufacturer insurance program of a well run, profitable business. A manufacturer of specialty and fine chemicals, laboratory products, monomers, polymers, microscopy, histology, biotechnology, electronics and specialty products purchased an “Excess Products Liability Policy” to increase their depth of protection against lawsuits arising out of the sale […]

Hall of Shame – No Products Liability Coverage For No Reason

August 4, 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. The General Liability program of a manufacturer included the following endorsement: The company’s website defined their target market to include the Medical, Satellite, and Aerospace Industries! It was later discovered that client was aware of this gap in their […]

Hall of Shame – Sprinkler Warranty on the Policy of an Insurance Agent’s Tenant?

August 4, 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. A tenant occupying a 5,000 square foot office suite in a 100,000 square foot 3-story building purchased an insurance policy including the following requirement: What did the “Schedule above” obligate this small tenant to maintain?… The sprinkler system was […]

Hall of Shame – No Information Risk / Cyber Liability Coverage – No Insurance Coverage Quality Control Process

August 4, 2014 / by KMRD Partners / Coverage Hall of Shame, Insurance Coverage, Risk Control / 0 comments

This scenario represents an actual coverage flaw in an insurance program of a well run, profitable business. The following endorsement appeared on a policy designed to protect a company from cyber and information related risks. This endorsement clearly indicated there was insurance coverage for technology services. However there was no coverage for their Telecommunications Services. The client’s […]

No Coverage for Work in Excess of 35 feet – Insurance Coverage Quality Control HALL OF SHAME

August 4, 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. General liability and umbrella policies for contractors included endorsements removing coverage for work on buildings in excess of 3-stories or 35 feet. The client just finished explaining they were working on the top floor of a building similar to the […]

Hall of Shame – Home Run Gone Wrong / No Auto Liability Coverage / No Insurance Coverage Quality Control

August 4, 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. A mobile allied health firm in the business of retrieving blood and urine samples from patients at their homes reimbursed their nurses for the use of their personally owned vehicles throughout the business day. An unfortunate catastrophic accident […]

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