Exclusions

Twice in two weeks I have reviewed professional liability insurance policies with an exclusion for:"any claim arising out of or connected with... an entity... in which any insured is a director, officer, partner or principal stockholder."So, a consultant who volunteers as a board member for a nonprofit who at the same time acts as an advisor to … [Read more...]

Exclusions in Property Insurance Policies

The rain continues in the northeast! The stories are all over the news about the low percentage of businesses and homeowners who have flood insurance. Here are the perils commonly excluded by property insurance:FloodEarthquake / LandslideNuclearDamage Caused By Insects & AnimalsPollutionRain Without Damage To The Building FirstSettlingMold, … [Read more...]