Grace’s Fire Destroyed $150,000 in Retail-Priced Candles. Her Policy Paid What They Cost Her...
Grace Halloran's boutique lost $150,000 in finished stock to a fire. Her policy paid half. The gap comes down to one word in the valuation clause: manufacturer.
Priscilla Served Wine at Her Boutique’s Client Event and Never Charged for It. That...
Serving wine at a client event doesn't make a business a liquor business, and that one distinction decides whether general liability pays a claim or excludes it.
Douglas Kwan’s Water Damage Bill Was $146,000. His Insurer Only Paid the Half His...
When a general contractor's own crew and a subcontractor both touch the same finished job, one clause inside the CGL "your work" exclusion can pay half a claim and deny the other half, on the same claim number.
His Motor Carrier’s $1 Million Policy Covers Every Load He Hauls. It Never Covered...
Reuben leased his truck to a carrier with a $1 million liability policy attached. The policy never covered the eleven-minute drive to the brake shop.
Terrence’s Insurance Paid Everything the Jury Awarded, Except the $1.5 Million That Actually Punished...
A California business owner's EPLI policy paid the compensatory verdict and the legal defense. It paid nothing toward the $1.5 million that was meant to punish him, because state law will not let an insurer cover it.
The Fire Cost Him $700,000. A Form That Expired Two Years Earlier Cost Him...
Agreed value coverage turns off the coinsurance penalty on a commercial property claim, but only for a year at a time. Miss the renewal and the penalty comes back with the next fire.
One Consultant’s Advice Cost Three Clients $1,500,000. Her Policy Only Covered $1,000,000 of It,...
When multiple clients file related complaints against the same consultant, most errors and omissions (E&O) policies treat them as a single claim, sharing one retention and one liability limit instead of one per claimant.
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.
