Exposures and Coverages

Jerry Trupin’s Exposures and Coverages brings us the most accurate, interesting observations anywhere about the insurance policy itself and how it affects the business of the agent and the ultimate client, the consumer.

2012/ December 17/ Past Issues

Insured’s Failure to Read Policy Does Not Automatically Bar E&O Claim Against Broker Dot The “I’s” and Cross the “T's" on NFIP Claims False Address on Auto Policy Voids Coverage If Contract Doesn’t Require Additional Insured Status, You Don’t Get It

Jerry Trupin Exposures and Coverages December 17, 2012

A Breech in the Dike? Successful lawsuits against producers by New York insureds alleging errors or omissions are few and far between. The key word is “successful.” Hope springs eternal, so there are plenty of lawsuits—just not many successful ones. A recent New York Court Of Appeals decision may change that. American Building Supply Corp […]

2012/ November 12/ Past Issues

What are the Traps in Wrap-Up Exclusions? What if a Condo/Coop Doesn’t Rebuild After a Loss? What Does ‘Reside’ Mean in a Homeowners Policy?

Jerry Trupin Exposures and Coverages November 12, 2012

Who said these topics aren’t related? They all begin with a W. It’s WWW; not the world wide web of the Internet but the world wide web of insurance. What Are the Traps in Wrap-Up Exclusions? Wrap-up programs combine general liability, workers compensation and umbrella insurance coverage for all contractors working on large construction projects. […]

2012/ October 15/ Past Issues

What is The Workers’ Compensation Split Point, How is it Changing, and Why Should You Care?

Jerry Trupin Exposures and Coverages October 15, 2012

To calculate workers compensation experience rating modifications, an insured’s incurred losses are split into a primary loss portion and an excess loss portion. The amount of the incurred loss equal or less than the “split point” is the primary loss and the portion in excess of the split point is the excess loss. Effective January […]

2012/ Past Issues/ September 10

Perfecting Clients’ Protection is a Moving Target

Insurance Advocate Exposures and Coverages September 10, 2012

– CyberTheft is in the News Again – Umbrella Liability Limits—How High is Up? – Deduct Depreciation to Calculate ACV?—Connecticut Provides an Answer – Exclusion Of Injuries To Employees Of Independent Contractors – To be Indemnified for Legal Costs, the Hold Harmless Agreement Must Spell it Out – Exclusion of Injuries To Employees Of Independent […]

2012/ August 20/ Past Issues

“Righting” Insurance For Coops and Condos—Who Insures What?

Jerry Trupin Exposures and Coverages August 20, 2012

Bea and Ben Aden purchased a vacation condo in western New Jersey and were looking forward to some peace and quiet in the country. When their unit was devastated by fire, what they got was exasperation and expense. First they were faced with the ordeal that any homeowner must deal with following a fire, but […]

2012/ June 4/ Past Issues

Pollution, Certificates of Insurance, and Duty to Defend

Insurance Advocate Exposures and Coverages June 4, 2012

Let’s look at some different points of view on three perennial liability insurance problems: Pollution, Certificates of Insurance, and Duty to Defend. Pollution May Not Mean Pollution “A rose is a rose is a rose,” but pollution is not always pollution. In the early 1970s, faced with enormous pollution liability claims arising from newly enacted […]

2012/ May 7/ Past Issues

CPCU Liability Coverage for Defective Products, Impaired Property, and Product Recall Updates on Homeowners Residency Issues and an Employee Dishonesty Loss That’s One for the Books

Jerry Trupin Exposures and Coverages May 7, 2012

What’s Your Problem?With this column I’m starting an occasional discussion of problems sent by readers and friends. If you have a problem you’d like my thoughts on, send it to me at cpcuwest@aol.com. Here’s the first one: An agent in Rockland County, NY asks: I have a contract metal/plastic fabrication firm as a client. They […]

2012/ March 19

Let’s Get Personal: Homeowners and Personal Liability Insurance Problems

Jerry Trupin Exposures and Coverages March 19, 2012

Not Every House is a Home In 1992 Robert Zises bought a home in Lake Katrine, NY and purchased homeowners insurance. In 1998 he rented the house to two tenants and moved to another home in Tivoli, NY. In 2006 the homeowners policy covering the Lake Katrine house was placed with New York Central Mutual. […]

2012/ February 6/ Past Issues

The Crimes They Are a Changin’

Jerry Trupin Exposures and Coverages February 6, 2012

Am I the only one providing expert witness assistance for fidelity claimants? Fidelity coverage (also known as “employee theft” or “employee dishonesty” coverage) is just a small part of the insurance universe, generating many fewer claims than property and liability coverage and of those, even fewer end up as lawsuits. Nevertheless, my expert witness activity […]

2011/ December 19/ Past Issues

Professional Liability and Personal Injury Liability Coverage

Jerry Trupin Exposures and Coverages December 19, 2011

We Are the Greatest (WAG), a talent agency, is sued by a competitor for slander. The competitor claims that the WAG made derogatory and demeaning statements about it when soliciting clients. Seems like a good example of the need for personal injury coverage provided by Coverage B Personal and Advertising Injury Liability of the CGL […]