Saturday, December 25, 2010

Endorsements to Avoid and to Get

I am constantly scouring the web looking for tips and tricks that I think will be helpful to policyholders and to lawyers representing them. Certain articles deal with the 'stuff' that people out in the market-place know about and some are more aimed at the lawyers who have to deal with policies as they are written.

I ran across this really interesting article of the former type written by Chris Boggs (cboggs@insurancejournal.com) in The Insurance Journal. He gave it a great title Three CGL Endorsements That Every Insured Should Avoid. The three exclusions Chris discusses in this article are the: 1) Total Pollution Exclusion Endorsement (CG 21 49); 2) Contractual Liability Limitation (CG 21 39); and 3) Limitation of Coverage to Designated Premises or Project (CG 21 44).

He has written other articles on well that might interest anyone looking to obtain insurance. In particular, you might want to read his article, Three Commerical Property Endorsements That Every Client Should Have, that appeared in MyNewMarkets.com.

Excellent tips for risk managers and and their brokers looking to avoid problems down the road.