HOME-BASED BUSINESSES (REVISITED) The most-recent ISO homeowners coverage forms see business-related language changes While exposures have most certainly changed in the last seven years, … homeowners policy forms are not designed to address exposures that come with home-based businesses. By Marc McNulty, CIC, CRM I recently had a personal lines client contact me because he planned on opening a watchmaking business and running
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LLOYD’S MARKET UPDATE Program administrators learn status and outlook for delegated authority By Elisabeth Boone, CPCU With its beginnings in a London coffee shop in the 1680s, Lloyd’s is a leading marketplace for commercial, corporate, and specialty risk solutions, sharing risk across everything from cargo holds to climate change to space exploration to cyberattacks. Earlier this year, Target Markets Program Administrators Association hosted a panel presentation titled “Lloyd’s Delegated Authority
LIFE AND LONG-TERM CARE CONVERSATIONS Ten crucial questions you should be asking—even if carriers don’t want you to [An] appeal of hybrid life and long-term care products can often come from the fact that they are not “use it or lose it” propositions. By Adam Bezman The growing need for long-term care is a topic that’s been covered a lot in recent months. Rising costs of care, demographic changes and
BUSINESS INCOME LOST AND FOUND Prepare your clients for carrier methods used to reduce the amount of covered income losses Producers may wonder how some adjusters can utilize terms and concepts not expressed and defined in a policy, but the terms mentioned above have received some sanction from the courts. By Joseph S. Harrington, CPCU Explaining how business income insurance works is among the most challenging tasks facing commercial lines
CYBERCRIME: CYBER POLICY, CRIME POLICY OR BOTH? Coalition webinar breaks down five core attack types By Christopher W. Cook Protecting your clients against cybercrime can be confusing, and the specific actions of a threat actor can affect which type of policy could cover a claim. And nowadays, cybercrime is everywhere. A recent webinar by Coalition, a cyber insurance provider, stated that according to the FBI, $27.6 billion had been lost
