Check it Out 1
1) TRUE OR FALSE
An insurance company is selling small contractors a policy that excludes “Bodily Injury” or “Property Damage” arising out of, resulting from, caused by, contributed to by, or in any way related to, in whole or in part, the discharge, dispersal, release, escape, disposal, existence, presence, handling, ingestion, inhalation, installation, sale, distribution, encapsulation, storage, transportation, use or removal of, Concrete, Concrete Dust, or Concrete Compounds.
The answer is
TRUE
2)
YES OR NO
Are your competitors selling a policy that excludes “Bodily injury” or “property damage” arising out of, resulting from, caused by, contributed to, or in any way related to, in whole or in part, any insured’s use of any “fire or heating devices” as part of “your work” or “your product.” The term “fire or heating devices” includes but is not limited to a heat wand, welding equipment, open flame devices, torches, heaters, or any type of heat application whether applied to a roof, exterior or interior portion of a project, site, house or building. This exclusion is not limited to “bodily injury” or “property damage” resulting from fire or heat, but also excludes any and all “bodily injury” or “property damage” arising out of or resulting from a job site or project where any insured uses such devices, whether the damage is fire or heat related or not.
The answer is
YES
Check it Out 2
3)
YES OR NO
Could your perspective client have a policy that states: Payment of the deductible amount requested hereunder shall be made within ten (10) days from the date of such request by us or our representative. Your failure to pay over and deposit with us the deductible amount within the time specified will result in a forfeiture of coverage for such “occurrence” and we will have no duty to defend or indemnify any insured if the deductible is not timely paid over when such a request is made.
The answer is
YES
4) YES OR NO
Is an insurance company selling a policy with the above exclusions and many more not commonly found in the marketplace?
The answer is
YES
