SERV insurance coverage is comprehensive in scope, ensuring payment of debt service and insuring
political/transfer risk, credit risk, force majeure and benefits from a straightforward and clear claims process.
The first insuring
agreement declares the insurer will pay for a loss when the insured becomes legally obligated to pay for a website publishing liability.
"We have some insured with us, but they're specific people that we know and who have, for example, their car insured with us," said a company representative, adding that they try and avoid insuring
any betting shop owners.
There are three parts to the liability coverage insuring
agreement in an insurance policy is the insurer's pledge.
If the Underwriter is obligated to pay Loss, including Defense Expenses, under more than one INSURING
AGREEMENT of this Coverage Section, whether in connection with a single Claim or multiple Claims, the Underwriter shall first pay any Loss under INSURING
Underwriters have also added exclusions to the additional insured endorsements to control the risks associated with insuring
unknown additional insureds.
agreements are the contractual connection between the insured and the insurance company whereby, in consideration for the premium paid by the insured, the insurer agrees to pay those sums that the insured becomes legally obligated to pay as damages.
The California Supreme Court held that under a literal reading of the excess/umbrella liability policies at issue, the wording of the insuring
agreement was broad enough to include coverage for environmental cleanup and response costs ordered by an administrative agency.
leased business personal property, be certain the property leases specifically require the lessee to insure the equipment.
The vast majority of Fortune 2000 firms use some form of self-insurance, accruing a reserve of funds for potential physical, financial, property or employee losses on lieu of purchasing a policy from companies in the business of insuring
these types of losses.
This way, the parties to the insuring
agreement are clear as to what is covered and the insured can seek coverage under another form if it has larger capacity trailers as a risk exposure.
This Policy is designated the Master Global Insuring
Policy for Insured Locations under this Policy and which are insured under an underlying policy(ies) issued by the Company or its representative companies.
, guaranteeing, or indemnifying against loss, harm, damage, illness, disability or death (except to the extent permitted under applicable state law and section 302 or 303(c) of the Gramm-Leach-Bliley Act (15 U.S.C.
commercial buildings and equipment, the most important element is setting the proper value or limit of insurance.