Her Policy Bumped the Inventory Limit 25 Percent for the Holidays. Her Stock Went...
A gift shop owner's Business Owners Policy raised her inventory limit 25 percent for the holidays automatically. Her stock still outran the boosted limit by $60,000.
He Budgeted $18,000 for Workers’ Comp. The Audit Added $9,795 That Was Already in...
Your workers' comp premium audit doesn't need a new employee or a new claim to come in high. It just needs payroll records that don't answer the auditor's three questions.
Her Cyber Policy Paid the Breach Claim in Full. The Card Network Still Billed...
Her card processor billed her for a fine she'd never heard of. Her cyber policy had already paid the breach claim, but this was a different bill entirely.
The Manufacturer Named Her Boutique an Additional Insured. Repackaging the Product Erased the Endorsement...
A manufacturer's insurer added an online retailer as an additional insured on its liability policy. One box of repackaged product was enough to erase it.
The Street Outside Her Restaurant Was Closed for Six Weeks. Her Policy Paid Nothing.
A construction closure outside her restaurant cut sales 60% for six weeks. Her business income coverage still paid nothing, and the policy language explains exactly why.
Owen’s Sub Skipped the Flashing Tape. The $146,000 Denial Never Cited an Exclusion.
Brokers prepare contractors to fight the faulty workmanship exclusion. In a real Indiana case, the carrier won at two courts without ever citing it, because both agreed there was no accident to begin with.
His Trucks Are Insured. He Is Not. The $208,000 Hole in a Commercial Auto...
A landscaping owner moved both trucks onto a commercial auto policy and cancelled his personal auto insurance. The policy insures the vehicles and the business. It never insured him behind the wheel of a car the business does not own.
The Church Won Its Age Discrimination Suit and Still Lost $61,000 of Coverage
A 240-member congregation raised the ministerial exception and won on summary judgment. Fourteen months of defense cost $86,000, and every dollar of it came out of the same limit that would have paid a settlement.
He Carried a $2.4 Million Blanket Limit. The Fire Claim Paid $660,000.
He bought a $2.4 million blanket limit across three buildings. When one burned, the insurer paid $660,000 on a $980,000 loss, and the blanket limit had nothing to do with it.
The Contract Clause That Can Void Your E&O Coverage Before a Claim Arrives
A Portland consultant guaranteed a 25% cost reduction in her own contract. When the client sued for $340,000, her errors and omissions carrier paid one count out of three.
