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