Legal liability is liability imposed by law on the person or entity responsible for the financial injury or damage suffered by another party or individual and can arise from intentional acts, unintentional acts or contracts.
Your insureds, the NFIP, ISO, AAIS and DIC policies each define “Flood” differently. What your insured considers a “flood” may simply be considered water damage in insurance language. But even ISO and AAIS manage “water damage” loss differently.
Learn ways to correct the most common mistakes agencies make when hiring sales executives. The key is to make your own plan, define what makes a "good" producer, hire and avoid repeating the bad habits of old.
Insurance Services Office (ISO) filed 11 form changes, 70 endorsement changes, and added six new endorsements in its 2013 commercial general liability (CGL) filing. Obviously, there is a lot new for the coming year.
Condominium and other Homeowner Association, no matter what type, need Director & Officer Liability coverage. Unfortunately not all policies are created equal and not all boards feel coverage is necessary.