Two terms that often confuse risk teams are “loss payee” and “additional insured.” While both can collect benefits from an insurance policy, they have different
Additional insured and additional interest. They sound alike but actually are quite different. These two terms often get confused. When that happens, the error can
Construction is a costly business…in more ways than one. Not only are many projects worth millions of dollars, but so are the lawsuits that often
When it comes to commercial general liability (CGL) policies, some endorsements are great for upstream parties. Others, not so much. On the good side are
Unless you are a workers’ compensation expert, you might not know that a subcontractor’s injured employee generally cannot sue them, but can sue upstream parties. This leaves general contractors, property managers, and owners exposed.
The first step for the insurance company is determining if they have a duty to defend your company. The answer can vary between states and often relies on the important “four-corners rule.” Understanding this rule and when it applies can determine if an insurer’s defense obligation is valid or if you will end up fighting in court alone.