Commercial Auto, Surety, CIPs, and Miscellaneous Lines Course Outline

1. Course Introduction
2. Structure and Format of a Contractor’s Insurance Program
   1. Package Policies
      1. ISO Commercial Package Policy
      2. ISO Businessowners Policy
      3. AAIS Combination Policy
      4. AAIS Businessowners Policy
      5. Insurer Promulgated Package Policies
3. Automobile Liability Insurance
   1. Major Coverages
      1. Liability
      2. Physical Damage
         1. Specified Causes of Loss
         2. Comprehensive
         3. Collision
      3. Medical Payments
      4. No-Fault
      5. Uninsured/Underinsured Motorists
   2. Insured Vehicles and Symbols
   3. Liability Coverage
      1. Covered Autos
   4. Who Is an Insured
   5. Liability Exclusions
      1. Contractual Liability Exclusion
      2. Owned Property/Care, Custody, or Control Exclusion
      3. Mobile Equipment Exclusion
      4. Pollution Exclusion
      5. Transportation of Pollutants
      6. Motor Carrier Act Coverage
      7. Classification
         1. Size
      8. Business Use
      9. Radius
   6. Recommendations for Contractors
4. Professional Liability Insurance in Construction
   1. Contractors Professional Liability Insurance
      1. Direct versus Vicarious Liability
      2. Key Coverage Issues for Contractors
         1. Covered Organizations
         2. Covered Persons
         3. Covered Services
         4. Covered Damages
         5. Covered Projects
         6. Coverage Trigger
         7. Key Exclusions
   2. Architects and Engineers Professional Liability Insurance
      1. Covered Organizations and Persons
      2. Coverage Trigger
      3. Covered Acts, Errors, or Omissions
      4. Key Exclusions
5. Pollution Liability Insurance
   1. Pollution Coverage under the CGL
   2. Overview of Contractors Pollution Liability Coverage
   3. Key Coverage Issues for Contractors
      1. Coverage Trigger
      2. Covered Pollution Incidents
      3. Covered Damages
      4. Coverage Territory
      5. Covered Operations
      6. Covered Persons/Entities
      7. Key Policy Exclusions
         1. Known Conditions
         2. Transportation Exposures
         3. Professional Liability
         4. Personal Property in the Insured’s Care, Custody, or Control
         5. Intentional Noncompliance with Ordinances or Statute and Dishonest Acts
6. Employment Practices Liability Insurance
   1. Nature of Contractor’s Exposure
   2. Employment Practices Liability Coverage in Traditional Policies
      1. General Liability Policies
      2. Umbrella Policies
      3. Workers Compensation Policy
   3. Key EPL Coverage Issues for Contractors
      1. Covered Organizations and Persons
      2. Covered Employees
      3. Covered Acts
         1. Discrimination
         2. Harassment
         3. Wrongful Termination
         4. Retaliation
         5. Workplace Torts
      4. “All Risk” EPLI Coverage
      5. Covered Damages
      6. Coverage Trigger
      7. Defense Cost Provisions
      8. Key Exclusions
   4. Packaged Approach
   5. The Purchase Decision
7. Directors and Officers Insurance
   1. D&O Loss Exposures
   2. Publicly Held versus Privately Held Companies
   3. Key D&O Coverage Issues for Contractors
      1. Coverage Sections
      2. Coverage Trigger
      3. Definition of Wrongful Acts
   4. Covered Persons
      1. Covered Organizations
      2. Covered Losses
      3. Key Exclusions
8. Fiduciary Liability Insurance
   1. Covered Services/Covered Acts
   2. Covered Persons/Covered Organizations
   3. Covered Losses
   4. Covered Defense Costs
   5. Coverage Triggers Key Exclusions
   6. Packaged Approach The Purchase Decision
9. Coverage Triggers
   1. Occurrence Basis
   2. Claims-Made Basis
   3. Notice of Circumstance Provisions
   4. Potential Claims-Made Coverage Gaps
   5. Avoiding Coverage Gaps
      1. Extended Reporting Periods
      2. Important Extended Reporting Period Terms
         1. Insured’s Right To Purchase ERP
         2. Duration of Extended Reporting Period
         3. ERP Pricing
         4. Time Allowed To Purchase ERP
   6. Prior Acts Coverage
      1. Why Prior Acts Coverage Is Frequently Available
         1. Protection Against Known Incidents
         2. Limited Prior Acts Coverage Approach
         3. Higher Premiums
      2. Why Prior Acts Coverage Is Not Always Available
      3. Alternatives to Full Prior Acts Coverage
10. Controlled Insurance Programs
    1. Traditional Insuring Purchasing Approach
    2. What is a CIP?
    3. CIP Benefits
       1. Potential for Savings
       2. Project Control
       3. Loss Control
       4. Litigation Control
       5. Better Coverage
    4. Characteristics of a CIP Project
       1. Single Location
       2. Finite Duration
       3. Jurisdiction
       4. Control
       5. Project Size
       6. Labor-Intensive
       7. Security
       8. Management Commitment and Support
    5. Insurance Program Design
    6. General Liability Coverage
    7. Excess Liability Insurance
    8. Workers Compensation Insurance
    9. Builders Risk
    10. Coordination of Contractor Insurance Programs
    11. Contractor Concerns
        1. Insurance Program Disruption
        2. Complication of Bid Preparation
        3. Inability to Audit and Manage Claims
        4. Administrative Tasks
        5. Coordination of Coverage
        6. Potential Adverse Effect on Loss Experience
11. Surety Bonds
    1. Surety and Insurance Contrasted
    2. Types of Construction Bonds
       1. Bid Bonds
       2. Performance Bonds
       3. Payment Bonds
    3. Underwriting
    4. Bond Pricing