Perspective
Jul. 11, 2012
Risks in coverage under another’s policy
Do brokers have an on-going duty to ensure the existence of insurance coverage? By John J. McLeod and Daniel H. Rylaarsdam of McLeod Law Group APC
Businesses routinely rely on the parties with which they are contracting (and their insurance brokers) to secure insurance coverage for them. One example is a subcontractor working on a project insured by a wrap policy. The subcontractor usually relies on the owner or its broker to add the subcontractor to the wrap policy as an insured. Other examples include a general contractor that relies on its subcontr...
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