Analyze additional insured and certificate of insurance issues encountered by an insured when signing contracts. Study examples of hold-harmless and indemnification agreements frequently found in lease agreements and construction contracts. Explore the difference in protection for a “named insured,” an “automatic insured,” and an “additional insured.” Examine the extent of coverage in a Commercial General Liability (CGL), Commercial Umbrella/Excess, and Business Auto Coverage form for liability assumed in a contract. Discuss frequently requested alterations, such as notice of cancellation and/or nonrenewal, primary and noncontributory wording, notice of material changes, and waiver of subrogation. Evaluate steps that can be taken to reduce the potential for problems from the standpoint of the agent, carrier, insured, and certificate holder.
Paul Burkett is the president and CEO of Snoaspen Insurance Group that provides risk management, training, expert witness services to agent E&O carriers. After serving as an officer in the U.S. Air Force, Paul began his insurance career with SAFECO that included loss control, sales representative, underwriting, and management responsibilities. Paul then moved to Frank B. Hall & Company as VP Risk Management Services responsible for alternative insurance programs such as pools, self-insurance, and captives. Certifications include: J.D., CIC, CRM, CPCU, ARM, ALCM
This webinar course is approved for 3 hours of Wisconsin continuing education credit. Attendees must be present during the webinar to receive CE credits.
Course fee is $45.00 for IIAW members, $62.00 for non-members. The IIAW will email a Webinar Invitation to you for the scheduled class approximately 24 hours before the webinar begins, along with any other required forms. Adobe Flash Player is required to view the webinar. A link for a free download will be included in the Webinar Invitation.
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