ISO offers more than 100 BAP endorsements. Out of this mass, most designed to meet the needs of a specific class of insured, there are at least three every insured should consider:
In this session we introduce and describe each of these important endorsements.
Although effective since June 1981, the MCS-90 endorsement remains a highly misunderstood form. Apparent judicial misapplications of the intended meaning and purpose of the form have added to the confusion.
The MCS-90 was designed to assure that an at-fault “for-hire” or public motor carrier could fulfill its financial responsibility to the public, regardless of the insured’s failure to comply with the underlying insurance policy’s terms and/or conditions. But it was not designed or intended to extend insurance protection to non-insureds or create coverage where none existed.
However, wording in the form has caused courts to expand coverage – even though this was not the intent.
In this session, we review the MCS-90, its purpose, the protection it provides and how it might be misapplied.
Liquor liability insurance is designed first to defend the insured against charges of negligence related to the service of alcohol; and second to indemnify or pay on behalf of the insured if they are found legally liable.
Operations serving or supplying alcohol can be subject to charges of negligence when, for example, a patron or third party is injured as a result of the negligent service of alcohol or negligence in not preventing an individual from injuring a third party. Legal liability can also arise out of other negligent actions or inactions.
Truckers, Drunkards, and Important Endorsements Outline (0.01 MB) | Available after Purchase |
Truckers, Drunkards, and Important Endorsements Handout 1 of 3 (0.81 MB) | Available after Purchase |
Truckers, Drunkards, and Important Endorsements Handout 2 of 3 (0.57 MB) | Available after Purchase |
Truckers, Drunkards, and Important Endorsements Handout 3 of 3 (0.15 MB) | Available after Purchase |
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, joined the insurance industry in 1990. He is the Executive Director of the Independent Insurance Agents and Brokers of America (Big "I") Virtual University. His current duties involve researching, writing, and teaching property and casualty insurance coverages and concepts to Big "I" members and others in the insurance industry.
During his career, Boggs has authored more than 300 insurance and risk management-related articles on a wide range of topics as diverse as Credit Default Swaps, the MCS-90, and enterprise risk management. In addition to this, Boggs has written 13 insurance and risk management books:
Boggs is a regular speaker at industry events, speaking for groups such as the National Association of Mutual Insurance Companies (NAMIC), the National Society of Insurance Premium Auditors (NSIPA), the American Association of Managing General Agents (AAMGA), the Institute of Work Comp Professionals (IWCP), and the CPCU Society.
A graduate of Liberty University with a bachelor's degree in Journalism, Boggs' background includes work as a risk management consultant, loss control representative, producer, claims manager, and quality assurance specialist