Yeah..... and she'll probably sue the paper manufacturer's that the claims forms were printed on, the manufacturer of the binders / folders that they were...
Hi, Don. Somehow Deuteronomy seems fitting for insurance wording and coverages. To paraphrase Deut 4:2 slightly: "You shall not add to the word which I am...
I want to put together a letter for small businesses explaining why they need workers compensation, even when not required by law. Here is a very very rough...
MessageA friend of mine who is an investment counselor called with an interesting question. He has a client who owns mineral rights (not the land - just the...
BTW, not familiar with MO comp. Do employees of these small employers have to sue in tort if injured? Yes if employer doesn't have workers compensation,...
Scott: I haven't been directly involved in the oil and gas world for some time, other than some personal interests. However, I think it would still be the...
Tim at the risk of showing a gap in my education, I would suggest that you bring up the idea that the ability to obtain coverage for a worker who is injured on...
Scott, Why wouldn't her liabilities be the same as a oil drilling operator or mining operation since someone is doing it now unless that has been transfered...
Rum@...
Feb 1, 2006 11:12 pm
2360
What are the definitions for Deductibles and SIR ? Specific differences ? Please comment amigos ! Stavros...
Tim, Maybe this will help: http://www.iii.org/media/hottopics/insurance/workerscomp/ ... From: wahl2 <wahl2@...> Date: Wednesday, February 1, 2006 1:37...
Rum@...
Feb 1, 2006 11:20 pm
2362
You may want to look at this: http://www.hg.org/articles/article_290.html Then scroll down in this for an explanation: ...
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Feb 1, 2006 11:24 pm
2363
An SIR(self-insured retention) is an amount paid by the insured prior to any insurance coverage. A deductible is an amount within the insurance policy which...
Just to add a thought, there is also no duty to defend until the SIR has been reached. Maybe some of our legal people could elaborate. David E. Pilcher, CPCU,...
Case in point from today. My client runs large construction projects around the country. It forms JV's to run individual projects. It has a master program...
Ann, That is why we need lawyers like you to watch out for the lawyers that drafted the language in contracts:-), not to mention the brokers and underwriters...
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Feb 2, 2006 1:38 pm
2367
I beg to differ regarding SIR collateral. We were required to post an LOC to guarantee payment of SIR on a wrap up construction project. Phil...
Who was the LOC for? Was it to the insurance company underwriting the OCIP? Was it your OCIP? Was it to the GC, Owner or other entity? Dave Riggs ... From:...
Now that is interesting...with an SIR, generally speaking, the insurer has no obligation to cover that amount should the insured not pay. I would have liked...
Perhaps the wrap project was taken out by the contractor and the owner developer or the bank required the LOC. What is also an issue is if the wrap is taken...
Just as most excess carriers will write over only primary carriers with acceptable ratings, an underwriter writing over a large SIR might feel the need for...
We had a small local tourist railroad account with an SIR on the liability policy. The insurer treated it as a deductible and paid first dollar. L. Kevin...
Phil, is correct and this happens more and more depending upon the financials and the state of the market. Also there are programs that interchange the labels...
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Feb 2, 2006 5:49 pm
2374
A painting contractor paints a building and the fumes cause injuries to some tenants, who file claims against the owner. The claim is tendered to the...
Al Alvarez
alalvarez@...
Feb 2, 2006 6:44 pm
2375
Al, I am just now reading the typical pollution exclusion in a CGL for a contractor, Definition: "Pollutants" mean any solid, liquid, gaseous or thermal...
Patrick J. Vuchetich
pjv@...
Feb 2, 2006 7:13 pm
2376
I believe this falls into the exceptions to the pollution exclusion and should be covered. Especially since the owner is an A\I on the contractor's policy. L....
MessageFirst of all, painting is a fact of life. What kind of injurious exposure did the tenants endure, and would they have preferred the building be left...
COVERED: CONTRACTOR WHO ADDS OWNERS AS ADDITIONAL INSURED When a contractor is required to add the owner or lessee of a premises or site that the contractor is...
MessageFellow Risk Listers: I don't know how you get around the use of the word "any" as it applies to the list fhat follows. The fumes from the paint are a...
