• Indemnity Versus Pay-on-Behalf of Language

    Indemnity Versus Pay-on-Behalf of Language Originally published on July 7, 2008.   In reading umbrella policies, we have found two differing versions of the insuring agreement. One states that the insurer will "indemnify the insured," and the other declares that the insurer will "pay on...

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  • Limited Liability Company as an Insured

    Limited Liability Company as an Insured This applies to general liability, auto, and umbrella liability. In the Section II – Who is An Insured section of the ISO based forms, part 1.c states “Your members are also insureds…” However part 4 states “No…organization is an insured with respect to the...

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