Securing workers' compensation coverage in all states where employers have workers and payroll is critical. Failure to do so can create uninsured claims and the potential for a large E&O loss. When discussing WC coverage, it is important to ask, "Where do you currently have work,...
The 80/20 rule, also known as the Pareto Principle, states that roughly 80% of the effects come from 20% of the causes, meaning that a small number of inputs disproportionately impact the outcome. The rule has since been applied in various fields, including economics, management, marketing,...
Over the years, "automatic status" additional insured endorsements have increased. In these endorsements, additional insured status is triggered by a written contract. Agents will indicate on a certificate of insurance that "additional insured status is added per written contract." Sometimes, this wording is mandated by...