• Preservation of Property Additional Coverage and Policy Limits

    Preservation of Property Additional Coverage and Policy Limits Preservation of Property Additional Coverage and Policy Limits In the BP 00 03 06 07, under Section 1, Property, A. Coverage, 5. Additional Coverages, b. Preservation of Property, are the limits available for Preservation of Property...

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  • Deductible Application on the BOP

    Deductible Application on the BOP Deductible Application on the BOP Our insured has an ISO special form BOP ( BP 00 02 06 89 ) on a 20-building apartment complex. The policy has a $1,000 deductible. Recently, a severe windstorm damaged glass and roofs of several buildings. The total loss was...

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  • BOP Deductible Application under One Occurrence

    BOP Deductible Application under One Occurrence BOP Deductible Application under One Occurrence Our insured has a BOP policy, which covers some scheduled tools and equipment and some blanket tools and equipment. Each shows a $500 deductible. If there were a loss involving one scheduled item and...

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  • Voluntary Payment by Insured Leads to Denial of Coverage

    Voluntary Payment by Insured Leads to Denial of Coverage Voluntary Payment by Insured Leads to Denial of Coverage We insure a company under a standard Businessowners Liability policy. Our insured was hired to do a kitchen renovation and, in the process, stained a custom-made carpet with a soiled...

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  • Failure to Comply with Duties under Policy

    Failure to Comply with Duties under Policy Failure to Comply with Duties under Policy We have run into a situation in which an insured has failed to respond to our attempts at contact in order to obtain necessary information to investigate a businessowners liability claim. While the specific...

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  • Funeral Directors Liability, Auto Accidents, and Damage to Bodies

    Funeral Directors Liability, Auto Accidents, and Damage to Bodies Funeral Directors Liability, Auto Accidents, and Damage to Bodies Our insured is a funeral director and has his business insured under a BOP with endorsement BP 08 02 (funeral directors professional liability) attached. The insured...

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  • Leased Employee Defined

    Leased Employee Defined Q Recently in our office we were discussing the businessowners liability coverage form, that states “employee” includes a “leased worker.” What is a “leased worker?” Is there a time limit for the length of the lease, or can it be infinite? Can you give use some...

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  • Food Poisoning Claims and the BOP

    Food Poisoning Claims and the BOP Q The definition of products/completed operations hazard on the 1997 ISO BOP liability form ( BP 00 06 01 97 ) differs from that of the standard CGL coverage form. The BOP includes a paragraph at the end of the definition stating that BI and PD must occur away...

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  • Completed Operations Coverage for Damaged Mirror

    Completed Operations Coverage for Damaged Mirror Q We have a question involving coverage under a businessowners liability policy ( BP 00 06 01 97 ). The insured is an interior decorating company. In this case, the insured sold an expensive imported mirror to its customer. As part of the sale,...

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  • Financial Interest under a Businessowners Policy

    Financial Interest under a Businessowners Policy Q We have a question about the meaning of some language in the businessowners loss payment condition. The condition states that, whatever the amount of settlement, the insurer “will not pay you more than your financial interest in the Covered...

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  • Collapse Coverage for Pipe?

    Collapse Coverage for Pipe? Q An insured experienced a sewer backup and called a plumber. The plumber ran a camera down the drain and found that the pipe had rusted and collapsed. The insured is covered by a businessowners policy, BP 00 02 12 99 . The BOP form provides coverage for collapse if...

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