|“Be Careful What You Ask For…the New 2013 ISO CGL Changes”|
|CGL Related E&O Claims Drive Frequency – Sign up today to help avoid them!|
|Swiss Re Corporate Solutions claims data reveals that the Commercial General Liability (CGL) line of coverage is the largest driver of E&O claims frequency. About 20% of all E&O claims involve CGL coverage with the next most frequent underlying coverage being both personal and commercial auto combined at 13%. In addition, CGL related claims make up the largest sum of total E&O losses incurred by the Big ‘I’ Professional Liability Program.Date: April 10, 2013
Time: 2:00 PM – 3:00 PM EDT
Registration: Click Here to Register Online!
(Space is limited – first come, first serve!)
The Big “I” is hosting a webinar on April 10th to assist members in understanding the changes to ISO’s new 2013 CGL policy form allowing agencies to better serve customers and reduce exposure to E&O claims. Click here to register today! And to get you thinking about CGL coverage prior to the webinar there is an excellent article titled, “Commercial General Liability Coverage: An E&O Challenge“, available on the Big ‘I’ Risk Management Website – E&O Happens (www.iiaba.net/EOhappens).
For the first time in six (6) years, ISO has made numerous changes to its Commercial General Liability (CGL) policy forms and endorsements. There are about a dozen coverage form changes plus 80+ new or revised endorsements, including MAJOR changes in ADDITIONAL INSURED endorsements, a revision of the liquor liability exclusion for BYOB establishments, pollution exclusion changes, and more.
The ADDITIONAL INSURED changes include a new blanket contractual endorsement, a new “primary and noncontributory” endorsement, and a limitation of coverage for additional insureds to contractual insurance requirements. In addition to these changes, we’ll highlight some critically important coverage gaps and issues in the CGL program.
Here are SEVEN reasons to attend:
They say change can be a good thing, but unfortunately changes to the CGL policy form have the potential to bring E&O claims if agency staff is not familiar with the impact they will have on their customers’ coverage.
Register today by clicking here!
Andrew McElhannon is the Member Services Coordinator for the Independent Insurance Agents of Georgia www.iiag.org, and can be contacted at: firstname.lastname@example.org or b y phone at 770-458-0093, x.110, or 800-878-6487.