"The great disparity in power between insurance companies and insured
, and our general tendency to protect insureds
' rights as against those of insurance companies, support a conclusion that public policy favors an interpretation that is broadly protective of the rights of insureds
," wrote Justice Natalie Hudson for the court.
Conversely, if the Replacement/Re-Instatement is not completed within 12-months of the destruction/damaging of the Insured
Machinery/Property, the Insureds
' Claim would be considered for Assessment/Adjustment of the Loss under the terms and conditions of Normal Fire Insurance Policy and the Costs, inclusive of the afore-mentioned Levies/Expenses applicable through the Replacement/Re-Instatement of the Destroyed/Damaged Machinery/Property would not be taken into account.
Answer: Most likely, the agent thinks all the children should be listed as named insureds
because they are all on the deed as owners of the property.
The commercial general liability (CGL) coverage form has a "who is an insured
" section in which it describes "an insured
" to whom the provisions of the CGL form apply.
This Clause shall also exclude the said Perils and consequent Claims thereunder by the Original Insureds
, even if negligently or intentionally and/or accidently released or by any other Entity of Information, whether in Electronic-format or otherwise, wherefor any Entity would have Legal or Contractual Obligation to maintain confidentiality of the same.
Camp directors may have questions about what it means to be an additional insured
on a general liability insurance policy, when to ask a third party for additional insured
status in favor of your camp, and when it is appropriate for other entities to have additional insured
status on your camp's general liability policy.
Therefore, courts are not as inclined to rule in favor of insureds
' arguments regarding ambiguity and construction.
argue that they must continue to pay employees or else
In the current economic climate, first-dollar coverage has become a luxury that many commercial insureds
can no longer afford.
There are several significant potential problems, however, when there are multiple named insureds
. First, any one of the named insureds
can submit claims and potentially exhaust the policy limits, leaving no coverage available for other insureds
under the policy.
EVEN as the global economic crisis begins to show signs of recovery, commercial insureds
continue to look for ways to tighten their corporate belts, cut costs and boost profits.
This chapter addresses the status of insureds
for businessowners liability coverage.