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Commercial lines
Loss runs
What’s the requirement for companies to provide loss runs on request?
Late renewal notice
We have a commercial renewal due the first of next month; it is now 15 days until the renewal date. At this point, we have heard nothing from the company about next year’s premium. What are our policyholder’s rights in this situation?
'Extra expense'—temporary location
We insure a senior residence that was damaged. The residents had to be housed at another location at a cost exceeding the rental value of the residence. The carrier will pay only the rental value under the CP 00 30 form, not the extra expense at the temporary location. Are they correct?
Business interruption payroll coverage
Under the Business Income Coverage form, how do we help a client decide between insuring ordinary payroll vs. just that of key employees?
Business interruption—’leader’ location
Have you ever heard of a coverage called “leader”? An adjuster suggested that our insured should have this.
Floor plan coverage
What can you tell me about “floor plan” insurance?
Bankrupt client
We’d like to know what the insured’s obligation is to the insurance company for premiums if the insured goes through Chapter 11 bankruptcy.
Power-surge exclusion
A gas station with a package policy sustained a loss when a power surge shorted their computer equipment. It turned out that a tree limb on the premises was rubbing on the wires, creating power surges. Our company is denying coverage. Are they correct?
First-named insured pays
Suppose that more than one company under common ownership was insured under a commercial package policy and the company that was listed as the first-named insured was to go bankrupt. If there are any premiums due, can the other company refuse to pay the premiums due on the previous policy?
Umbrella drop-down provisions
We have an insured with an umbrella policy for $4 million in coverage, over a $1 million primary policy. If the carrier providing the underlying policy becomes insolvent, would the insured be able to collect on the umbrella policy?
Cancellation notice—nonpayment
A general liability policy we sold was canceled for nonpayment, but our client says that they never received any prior notice. Doesn’t the company have to give direct notice to the insured?
Notice of renewal premium; policyholder rights
A client’s commercial auto premium jumped from $12,000 to $19,000 at renewal. The company did not notify the client until about 30 days into the new policy period. I thought there was supposed to be advance notice when the premium is going up this much. The company said the insured has to pay. What are the client’s rights?
Policyholder notice rights
A professional liability policy is being switched from one company to another in the same insurer group. In the process, the company is making significant changes to the policy. A major change is that the old policy did not contain an annual aggregate limit, while the new policy does apply such limit. Under Connecticut law, does the client have a right to be notified of the changes in policy conditions?
Additional insured vs. additional named insured
Please clarify the difference between an additional insured and an additional named insured.
Completed operations
If a general contractor’s contract with a subcontractor contains a hold-harmless agreement that includes “any and all claims” (there is no restriction to bodily injury or property damage and there is no mention of products and completed operations), will the subcontractor’s contractual coverage respond to a completed operations claim?
Deleting an additional insured
What would be the guidelines for deleting an additional insured from the policy?
Completed operations liability
Could you please clarify the relationship between contractual liability and the additional insured endorsement with regard to completed operations coverage?
Limits on claims-made forms
What types of risks may be written on a claims-made basis in Connecticut?
Business interruption from power outage
Because of the storm, my client is without power and will be unable to operate his business until it is restored. Will the Business Income Coverage be applicable to this loss?