Ask Tim

​The following is a re-publication of a post that originally ran in 2011.Question from an IIABNY member: I have a personal lines customer who called saying he has a person come to his house every other week and do five hours worth of cleaning. He wanted to confirm there is liability coverage should she be hurt. I called the insurance carrier and the underwriter forwarded the attached Workers Comp endorsement, which to me is a bit confusing. Can you advise your understanding of this endorsement? I would assume if she were hurt on the premises and the insured was negligent (i.e. he allowed her to…

​Question from a Big I NY member: I have a commercial lines client who has a $5,000,000 umbrella policy with us.  The insured does not want us to show on certificates that he has a $5,000,000.  He would like us to show on the requested certificates a $2,000,000 umbrella policy.   The insured just bumped up his umbrella for one client.  The umbrella policy has always been $2,000,000 and he will be changing the coverage back to $2,000,000 at renewal.  Is this something that I can do?Watch the video below where my confidant and I consider this question. Also note the change in title because truth…

​Question from a Big I NY member: Hi Tim. Work Comp question for you. How come some policies have different limits shown than others? Work comp is unlimited isn’t it? I never really had a good answer on this issue.Answer: By “limits,” I assume you mean the Employers Liability Limits shown in Item 3.B. in the Declarations. It is true that, for most employments, Employers Liability Insurance is unlimited in New York. The NY WC manual states that endorsement WC 31 03 08, New York Limit of Liability Endorsement, must be attached to all policies that list New York under Item 3.A. in the Declarations.…