“If insureds do not fully understand [the scope of Coverage B] and fail to push back after receiving a denial, they are potentially forfeiting millions of dollars in defense coverage they purchased.” ...
Daniel Robinson is a writer based in Greenville, N.C. with expertise in auto insurance, loans, warranty options and more. Away from the keyboard, Daniel spends time with his wife and son, plays guitar ...
Construction contractors typically secure commercial general liability (CGL) insurance policies and assume that these policies address all of their risks. However, these CGL policies may not always ...
“Given the potential coverage gap for copyright infringement in connection with AI output in CGL policies, AI developers should consider procuring specific intellectual property or media liability ...
Illinois may have just opened a new door for developers and owners for insurance coverage when it comes to defective construction work and commercial general liability (“CGL”) coverage. Based on the ...
Bobby L. Hickman is a longtime business and financial journalist who brings decades of experience in insurance and financial services to his editor role at Investopedia. He has worked with insurance ...
In recent years, new hazards have emerged that potentially implicate coverage under commercial general liability policies. Much attention has been paid to the liabilities associated with opioids and ...
You, a general contractor, receive a notice of claim on a building you finished years ago. The Owners allege: (1) damage to the underground pipes due to the settlement of the foundation/backfill; and ...
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What is a business owner’s insurance policy?
A business owner's policy is a packaged insurance policy that includes general liability coverage and property insurance ...
A careful search for insurance coverage should be at or near the top of the checklist of any business that receives a claim brought by a state or federal governmental entity, or private party, ...
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