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Educational Track - University CE Webinar Information

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  Upcoming University Webinar - Qualifies For CE in States Listed Below
   

CE Webinar Instructor Bio Description

Date: July 8 & 9, 2015
Topic: Insight on Errors and Omissions
Instructor:

Al Parizo AFIS

Time: 9:00am-10:00am PT /10am-11am MT/11am-12pm CT/12pm - 1pm ET
States Approved in:

CE Approved States CA, CO, FL, IA, ID, IL, IN, LA, MA, ME, MO, NC, NE, NH, NV, NY, OR, PA, TN, TX, UT, WA, WI, WY
  ALL Webinars can be attended for educational purposes in all states

Contact: Barbara@InsuranceCommunityCenter.com

   

CE Webinar Instructor Bio Description

Date: July 14, 2015
Topic: Pollution and Environmental Liability
Instructor:

Marjorie L. Segale AFIS, CISC, RPLU, CIC, CRIS, ACSR, CISR

Time: 9:00am-10:00am PT /10am-11am MT/11am-12pm CT/12pm - 1pm ET
States Approved in:

CE Approved States CA
ALL Webinars can be attended for educational purposes in all states

Contact: Barbara@InsuranceCommunityCenter.com
ALL WEBINARS ARE FREE TO UNIVERSITY MEMBERS! Non-Members of the University can Register for CE for $60 for classes with 2CE.

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Questions & Answers

 
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Question 1 -  Foreign Products Liabilty

Our office is a General Agency and our agent has asked us to issue an Additional Insured/Vendor certificate to the certificate holder who is located in England. Our insurance carrier has let us know that there would not be coverage and would recommend that our agent purchases a foreign liability policy.

Our agent believes that the standard ISO GL form does provide coverage for products being sold from the USA to England. Does the standard ISO GL form provide coverage for products being sold overseas and if not why?

Answer by Marjorie L. Segale, AFIS, CISC, RPLU, CIC, CRIS, ACSR, CISR

Laurie referred your question to me for reply so here goes! Go to definitions, paragraph 4, and “coverage territory"

The standard ISO CGL will cover worldwide if the product is manufactured or originates in the US but only if the suit for damages is brought back here.

That means if someone in England is injured by the product, they have to file suit back here where it originated. Not likely to happen. Suits tend to be litigated where the injury occurred. The CGL won't go there. I agree with the recommendation to get Foreign Liability and would add that you be sure it is with a UK admitted company.


Question 2 - Construction Liability

Please tell me where in the CG0001 policy that it gives automatic waiver as long as it was executed prior to a loss.  The only language I see in the form pertaining to waiver is as follows:

8. Transfer Of Rights Of Recovery Against
Others To Us
If the insured has rights to recover all or part of
any payment we have made under this Coverage
Part, those rights are transferred to us. The insured
must do nothing after loss to impair them.
At our request, the insured will bring "suit" or
transfer.

Answer by Marjorie L. Segale, AFIS, CISC, RPLU, CIC, CRIS, ACSR, CISR

You have exactly the right condition of coverage – Transfer of Rights of Recovery Against Others To Us

If the insured has rights to recover all or part of any payment we have made under this Coverage Part, those rights are transferred to us. The insured must do nothing after loss to impair them.

One of the many challenges that face anyone reading and trying to interpret the policy language is what the wording DOESN”T say.  The sentence in red does NOT preclude the insured from waiving rights of subrogation BEFORE a loss.  It only stops them from doing so AFTER a loss.

Now, even though the policy says this, most people will still ask for and you will still issue an endorsement.  It is just not necessary to do so.  This is why your underwriters never give you grief or charge you.  it is already in the policy.


 
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Laurie Zangwill Infantino
AFIS, CISC, CIC,
CRIS, ACSR, CISR

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Marjorie Segale
AFIS, CISC, RPLU,
CIC, CRIS, ACSR, CISR


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