From time to time, we like to review the exclusions in the general liability policy. Understanding these exclusions and hot to properly cover them on other insurance policies can help avoid potential litigation can claims headaches. Damage to Impaired Property or Property Not Physically Injured This exclusion applies to property damage to property that has not suffered actual physical injury or to property that is considered impaired property. Impaired property is a defined t

One of the key issues associated with hand tool safety is choosing and using the right tool. Unfortunately, many people use tools improperly, where they improvise with what they have on hand. Also, many people view hand tools as simple to use, so there is little concern for safety. In reality, a person using hand tools, no matter what they are, should always follow safety precautions. Approximately eight percent of industrial incidents result from the improper use of hand too

Many contractors and service people may be missing coverage on their insurance policies. Did you know that materials in transit, at a customer location and at a temporary location are not covered for loss unless you have an “Installation Floater” on your policy? An installation floater is an insurance policy that covers personal property installed, fabricated or erected by a contractor. It covers the property until the installation work is accepted by the purchaser or when th

A few weeks ago we talked about additional insureds and how they affect your insurance coverage. In this post we want to discuss the Waiver of Subrogation. A Waiver of Subgrogation is another common endorsement required on a large number of certificates of insurance. What it does, though, and why it is being requested is often not very well understood in the restoration industry. What is a Waiver of Subrogation? To understand what a waiver of subrogation is we need to first k