One way many agents solve some of the issues with additional insureds is to write the ( CG 20 33 04 13 ) which is the automatic additional insured for owners , lessees or contractors . ( Commonly called blanket additional insured endorsement ) While this form is a great way to eliminate the need to add this endorsement each time your contractor has requests , it does have some pitfalls . For instance , this only applies if the additional insured is required by written contract . So , if there is no written contract requiring additional insured coverage there won ’ t be any coverage . Many times , contractors work off of a handshake with no written contract and this could be a large problem if your insured assumes the company he is going to work for will automatically be an additional insured because he knows he has the automatic endorsement .
Another problem with the automatic ( blanket ) endorsement is there is no such automatic endorsement for the completed operations . So currently even if you have the automatic endorsement for additional insureds you will still need to add a separate endorsement for each additional insured requesting completed operations . NOW for some good news ! The need to have an automatic ( Blanket ) completed operations form was presented to ISO
at the Mid-America Insurance Conference in 2013 . We were notified in 2017 that ISO has approved the development of this automatic endorsement and it will be part of a future multistate filing . So , hopefully in the very near future , agents will have this new endorsement as another tool to use to help their insureds with their additional insured requirements !
Insurance Coverage Committee
The “ INSURANCE COVERAGE COMMITTEE ” formally the consumer technical affairs , is here to help members with coverage problems , ideas for improvement in policy or endorsement forms , and other technical questions . This committee is also an integral part of the Mid-America Insurance Conference . At the conference we meet with representatives of ISO and NCCI to discuss what is going on in the insurance coverage world and how we can make it better . Kent Anthony , contributing writer , is a past Mid-America board member .
KAIA Standing Committees
Use this form to apply for a seat on one of our committees today !
Please indicate your 1st and 2nd choice in the check boxes below .
TO APPLY BY EMAIL , CONTACT JOAN SUTTON AT JOAN @ KAIA . COM
Government Affairs Monitors current state legislative , regulatory , and political activity proposals for the association and proactively explores legislation that provides a more favorable insurance marketplace for agents and the insurance buying public . Makes recommendations regarding the association ’ s support or opposition to specific legislative proposals at both the state and national levels .
Insurance Coverage ( f . k . a . Technical Affairs ) Serves as a member resource that monitors all issues relating to insurance technical matters in Kansas and on a national level . May provide representation for KAIA members at public hearings on insurance to advocate the official position taken by the Board of Directors .
Agent & Company Relations Works with companies to promote opportunities to engage more deeply with the association . Oversees and grows the Industry Partner program by creating greater awareness of the benefits provided and making direct contact with carriers . Provides a vehicle for discussion of potential issues and solutions for enhancing business practices .
Membership Engagement Creates strategies to assist KAIA staff in growing membership , retaining members and increasing association engagement among agency members .
Agency Management & Technology Monitors industry developments in technology and recommends new products and procedures that may help agency members improve operating efficiency and customer service .
Professional Development Develops and implements a strategy for professional development and networking of members through KAIA ’ s education and conference offerings . Provides suggestions for relevant , timely subject matter of interest to KAIA members , including recommendations for instructors / speakers for education courses and programs . Provides input and recommendations regarding logistics ( location , agenda , and speakers ) and content for KAIA events .
Young Agents Empowers young insurance professionals to be leaders by providing opportunities for personal development , building lasting relationships and gaining valuable industry experience . Expands young agents ’ industry knowledge and enhances their skills to help their agencies evolve and grow .
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815 SW Topeka Boulevard Topeka , Kansas 66612
26 KANSAS INSURANCE AGENT & BROKER | January - February 2018 |
Phone : ( 800 ) 229-7048 Fax : ( 785 ) 232-6817