Contracts and Additional Insureds – Do You Really Have Protection?

Posted by The ALS Group on Jun 23, 2020 12:19:46 PM

Recently, I came upon an interesting (albeit disturbing) example of how generic insurance obligation language in a contract left the Landlord without Additional Insured protection from their contractor.

In the case of Seven Up Realty vs AJ Greenwich Contracting, the contract that Seven Up had with Greenwich did not REQUIRE Greenwich to name Seven Up as an Additional Insured on their General Liability or Umbrella. Not only is this a requirement of coverage, but we suggest, that the actual form of Additional Insured endorsement be specified, especially if the Landlord is expecting Additional Insured coverage for ongoing AND completed operations. Nevertheless, whoever drafted and reviewed Seven Up’s contract did not incorporate this language. 

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Topics: Claims Management, Claims Management Process, Contracts, Coverage Review, Insurance, Risk Management Blog, COI Compliance, risk transfer

Don’t Get Buried with Snow Removal – Effective Risk Transfer is Key

Posted by The ALS Group on Dec 4, 2019 4:52:27 PM

This week’s unexpected snowstorm should be a reminder to be diligent in making sure your snow removal provider has the proper insurance coverage.

With winter almost here, many companies are putting the final touches on snow removal contractor agreements. Liability claims, like slip and falls, relating to the “improper removal of snow and ice”, are frequent, and in many cases, severe. Here are the facts:

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Topics: Bodily Injury, Compliance, Contracts, Enterprise Risk Management, Indemnity, Insurance, Property Risk, Safety and Compliance, Strategic Risk Management

Read Before You Sign - Insurance and Contracts

Posted by The ALS Group on May 12, 2016 3:22:19 PM

A critical step of any contractual agreement between property owners and managers and their vendors (including contractors) is a careful review of the provisions affecting insurance and legal indemnification.  The difference between a thoughtfully negotiated contract and one that is “off the shelf” or, even worse, none at all may be the difference between accepting liability where never intended.

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Topics: Construction, Construction Project Risk, Contracts, Indemnity, Risk Management Blog

OCIP/CCIP Enrollment – Contractor Beware!

Posted by The ALS Group on Mar 16, 2011 2:33:00 PM

Controlled Insurance Programs (CIP) are becoming more and more common today but a contractor must be very careful to examine the terms and conditions of the CIP carefully as this may be their sole source of coverage. One of the most misunderstood issues is what happens when a CIP is cancelled. Virtually every CIP program has a section in the “manual” that allows for the program to be cancelled with some notice (hopefully) to the contractor. In many cases it could be a short as 30 days. What happens to the bid-deducts? Can you now submit a change order to increase your cost to Include insurance? Does the work you did prior still get coverage under the CIP? What about completed operations? To complicate matters many contractors have a “absolute wrap-up exclusion form [ISO CG 2154]. Pay close attention to the third condition in the second column that states “this exclusion applies whether or not the consolidated (wrap-up) insurance program: (3) Remains in effect” – So, when the CIP is cancelled the contractor can find themselves without ANY coverage unless they can scramble to get an exception to the exclusion.

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Topics: Construction, Contracts, Enterprise Risk Management, OCIP, Total Cost of Risk (TCoR)

The ALS Group

Risk Management Blog

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

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