The Ins and Outs of Contractors Professional & Pollution Liability Coverage

Denise GillinConstruction

By Gary Semmer, CIC, CWCA, Executive Vice President & Construction Vertical Practice Leader for Assuredpartners Does standard General Liability insurance provide coverage for design activities or modifications and environmental or remediation services? Great question, and the chances are likely that the answer is no. Commercial General Liability and Umbrella policies have evolved over the years, but one thing has remained constant: they contain Professional Liability and Pollution Liability ‘exclusions or restrictions’ that negate coverage. Additionally, more subcontract insurance agreements require Contractor’s Professional Liability (errors & omissions) coverage for design/build activities or design modifications and Contractors Pollution Liability coverage for environmental/remediation services provided. Read more here>>>

The Supply Chain Crisis’ Latest Woe

Denise GillinNews, Risk Management, Transportation

By Dani Romero for Yahoo!finance With a number of cargo containers bottlenecked at California’s ports, another problem has ensnared the companies trying to ship goods, and the customers and shops waiting for those supplies. Theft. The worsening supply chain troubles are making stolen shipments an increasingly common problem that’s affecting shoppers, already facing long delays and soaring prices. Cargo that finally makes its way out of backlogged ports on the West Coast is being aggressively targeted by criminals eyeing containers filled with electronics amid the chip shortage. What are the implications>>>

Mandates and Old Man Winter

Denise GillinBusiness Insurance, Risk Management, Transportation

By Kevin Rettberg for AssuredPartners The weather is turning, and with it the conditions on the roads will be changing. The incoming winter weather is set to turn the peace and quiet of the tranquil summer, sun-filled roads into a wintry mix of ice and snow in many areas of the country. The idea of what winter brings is nothing new, but somehow this winter feels a little unlike anything we have every experienced. Our weather is a microcosm of what is happening in the US right now: a calm before a storm. However, while we know exactly what weather brings us, there is an upcoming vaccine mandate that is causing a concern from the unknowns that it causes many …

Does Stock Throughput Insurance Make Sense for Your Agribusiness Operation?

Denise GillinAgribusiness, Business Insurance

By Gina Ekstam for AssuredPartners As the property insurance market continues to put pricing pressure on renewals, some agribusiness operations have benefited from specialty insurance programs, such as stock throughput coverage, to help them navigate the challenging marketplace. A form of inland marine insurance, a stock throughput program insures a product throughout the supply chain and accounts for any potential gaps in coverage. From the time the product is shipped, stored, and delivered to its final destination, there is a lot at stake. A stock throughput policy provides continuous coverage against all risks not explicitly excluded in the contract as long as the insured has ownership or responsibility for the product. What are the benefits>>>