Insurance Policies | Bell Davis Pitt

CGL insurance coverage

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.

CGL policies occurences

One or More? The Number of Occurrences Under a CGL Policy

November 19, 2019

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

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.

Hurricane Florence Damaged Homes and Businesses: Things To Know About Filing Your Insurance Claims

September 18, 2018

Alan M. Ruley Allison Buckner Parker

Insurance Recovery

Hurricane Florence has already been catastrophic for many communities in North Carolina, impacting both homeowners and businesses. Many folks are now wondering “what’s next”? Fortunately, the internet and smartphones will make it easier for homeowners and business owners alike to find guidance on how to:

What You Need to Know about CGL Policies

December 7, 2016

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.

Insurance policy correspondence

Cooperating with your Insurance Company After Filing a Claim

December 1, 2016

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:

insurance recovery for company disaster

The Four Steps You Need to Take When Disaster Strikes at your Business

November 1, 2016

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:

insurance policies for business insurance recovery

Identifying Applicable Policies for Insurance Recovery

October 1, 2016

Insurance Recovery

If you've been hit with an unexpected disaster at your company, your first step toward insurance recovery should be to identify and compile all potentially applicable insurance policies. This includes not only your own policies, but also the policies of others that may provide coverage for you, for example as an “additional insured.” This will in turn depend on what type of claim you have. Broadly speaking, there are two types of insurance claims: first party and third party.

Insurance for Data Security Breaches: What Businesses Need to Know

Alan M. Ruley Allison Buckner Parker

Insurance Recovery

With the explosion in electronically stored information has come a similar explosion in laws and regulations which may impose liability on businesses for data breaches. Traditional insurance policies are unlikely to provide coverage, and the newer “cyber coverage” policies come in a wide and confusing array of variations. This post provides the basic questions businesses should ask to focus their search along with a list of factors to consider in evaluating these "cyber coverage" policies.