The Best Umbrella: A Personal Liability Shield

February 10th is National Umbrella Day! Just as an umbrella shields you from the rain, an umbrella insurance policy protects you from a downpour—that worst-case scenario where you could lose everything in a lawsuit. Even if your assets are few, umbrella insurance protects your income; in some settlements, wages can be garnished for up to … Continued

Exhaustion of Limits: Named Insured and Additional Insured

There are basically 2 types of “exhaustion” scenarios when you look at the insurance programs of the Named Insured versus the Additional Insured. A typical example is where a Subcontractor (Named Insured) is asked to add the General Contractor to their policy as an Additional Insured. Indeed, the General Contractor, and Additional Insured in this … Continued

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