The HNOA Coverage Gap: ISO Symbols 8 and 9 and Why Your GL Policy...
Your company doesn't own a single vehicle. But the moment an employee runs a bank errand in their personal car and causes a crash, you're in the lawsuit. Here's how hired and non-owned auto coverage closes that gap.
Your EPLI policy may not cover the wage and hour lawsuit most likely to...
Most small-business owners buy EPLI thinking it covers the most common employee lawsuit. The wage and hour exclusion buried in the form carves out exactly that.
Once a commercial roof turns 15, your policy may settle a hail claim for...
Most small-business owners read "replacement cost" on the dec page and assume a hail-damaged roof gets fully replaced. A buried endorsement says otherwise once the roof crosses 15 years.
Your E&O Policy Pays Defense Costs From Inside the Limit. The Settlement Gets What...
A six-person Atlanta agency carried a $1 million E&O policy and assumed it had $1 million to settle a client lawsuit. The defense lawyers spent $380,000 of it first.
Your BOP Includes Cyber Coverage. The Sublimit Runs Out Before Notification Begins.
A 14-person accounting firm trusted the cyber endorsement bundled into their BOP. The $50,000 sublimit covered the forensics invoice in full and ran out before a single notification letter went out.
A Roofer Coded as a Carpenter Cuts the Workers Comp Bill in Half. The...
His broker booked his roofing crew under residential carpentry to keep the workers comp premium low. The carrier's year-end audit reclassified the entire payroll and sent a $42,300 bill.
Your Cyber Policy May Not Cover the Ransom Even When It Covers the Breach
You bought a $1 million cyber liability policy after the headlines. The fine print on ransom payments is where most small businesses learn their coverage isn't what they thought.
Why Your E-Commerce Business Insurance Does Not Cover Product Liability Claims
An Etsy candle seller faced a $87,400 lawsuit when her product caused a customer's kitchen fire. Her business owner policy denied the claim because product liability for online sales had been carved out at renewal, leaving her personally on the hook.
The Liquor Liability Gap That Cost a Detroit Bar Owner $312,000
A Detroit bar owner paid $312,000 out of pocket after a Sunday afternoon bar fight. The assault and battery exclusion in his liquor liability policy is the same one most independent bars carry without realizing it.
How a $50,000 Surety Bond Claim Becomes the Contractor’s $58,140 Personal Debt
David Park finished a $480,000 renovation expecting a $52,000 final draw. His surety company sent him a $58,140 demand letter instead, for a bond claim he never personally agreed to pay.
