Important Conditions in Your CGL Policy January 28, 2020 Alan M. Ruley Allison Buckner Parker Insurance Recovery The “Conditions” section is the fourth of five sections in the standard form CGL (Commercial General Liability) policy. It contains several items that are of critical importance, beginning with your duties in the event of an occurrence, offense, claim or suit.
Who Is an Insured in a CGL Policy? January 23, 2020 Alan M. Ruley Allison Buckner Parker Insurance Recovery Recall that a standard CGL (Commercial General Liability) form policy has five sections: (1) Coverages and Exclusions; (2) Who is an Insured; (3) Limits of Insurance; (4) Conditions; and (5) Definitions. Our last post discussed the Coverages and Exclusions section; this post explores the “Who is an Insured” section. To determine who is an “insured” under a CGL policy, first look at the Declarations page. That page will list the named insured, which will be one of the following:
CGL Policy Coverages and Exclusions January 7, 2020 Alan M. Ruley Allison Buckner Parker Insurance Recovery In an earlier post we listed the five sections that a CGL (Commercial General Liability) policy form contains: (1) coverages and exclusions; (2) who is an insured; (3) limits of insurance; (4) conditions; and (5) definitions. This post takes a deeper dive into the first section, coverages and exclusions.
The Insurance Policy Declarations Page – How to Read It January 2, 2020 Alan M. Ruley Allison Buckner Parker Insurance Recovery In an earlier post we briefly described the three main parts of a commercial general liability (“CGL”) policy: (1) the declarations page; (2) the policy form; and (3) the endorsements. This post will teach you how to read the first item that you will see in your CGL policy, the declarations page.
One or More? The Number of Occurrences Under a CGL Policy November 19, 2019 Alan M. Ruley Insurance Recovery The Policy and Why This Matters
Self-Insured Retention v. Deductible: What is the Difference, and Why It Can Matter November 13, 2019 Alan M. Ruley Insurance Recovery Virtually all insurance policies contain either a “deductible” or a “self-insured retention.” Courts often use those terms interchangeably, but they are different, and the difference can be important.
Providing Timely Notice to Your Insurance Company January 11, 2017 Alan M. Ruley Allison Buckner Parker Insurance Recovery In the wake of an incident, once you’ve identified and located potentially applicable insurance policies, the next step is to provide notice to each of the potentially responsible insurance companies. The notice requirement usually is expressly set forth in the policy. In a commercial general liability (CGL) policy, it usually is in a section that identifies the “Conditions” for coverage. Here is a typical provision:
What You Need to Know about CGL Policies December 7, 2016 Alan M. Ruley Insurance Recovery Commercial General Liability insurance—“CGL”—is an important asset for most businesses. It covers things like bodily injury, property damage, and advertising injury to others for which the insured—the policyholder—may be held liable. But for most policyholders, the CGL policy is a poorly understood mystery. You assume that you are completely covered, but in fact there are any number of exclusions, conditions and definitions in the standard CGL policy that may defeat or impair coverage.
Cooperating with your Insurance Company After Filing a Claim December 1, 2016 Alan M. Ruley Insurance Recovery You've notified your insurer of a claim on behalf of your company. Now what? You have a duty to cooperate with your insurance company after providing it with notice of a claim or potential claim. In fact, the duty to cooperate is usually expressly set forth in the “Conditions” section of Company General Liability ("CGL") policies. For example, most CGL policies require the insured to:
The Four Steps You Need to Take When Disaster Strikes at your Business November 1, 2016 Alan M. Ruley Insurance Recovery Whether you are a business owner whose building burns down, the victim of employee theft, sued by a former client for bad advice, or sued by the employee of another company who was injured on your premises, disaster has struck and the sometimes overwhelming process of navigating the insurance world has begun. We've outlined below the first four steps to get your insurance situation under control:
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