Company & Specialty Insurance Forum

Description

Share your experience or views about different policies of insurance companies, good and bad both and also participate in the specialty discussions.

Commercial P&C
by Guest »
Guest

Where can I go to learn more about commercial insurance as far as what questions to know to ask and how to get the Accord forms filled in correctly..

I want to know the ins and outs of commercial insurance and there are so many different situations, I did not know how someone learns what needs to be done for a trucking co or for a electrical co...

Every business is different and I feel I have lots to learn

A BANK HAS MONEY INSURANCE POLICY WITH XYZ INSURANCE COY COV
by Guest »
Guest

A BANK HAS MONEY INSURANCE POLICY WITH XYZ INSURANCE COY COVERING MONEY IN TRANSIT, MONEY IN SAFE AND MONEY ON PREMISES. THE BANK LATER ENTERED INTO A CONTRACT WITH A BULLION VAN COY FOR THE MOVEMENT OF MONEY FROM ONE LOCATION TO ANOTHER AND SPECIFIED IN THE CONTRACT THAT THE BULLION VAN COY (NEL) SHOULD INSURE THE MONEY IN THEIR CUSTODY. THIS WAS DONE WITH LION INSURANCE COY. FOUR MONTHS LATER THE BULLION VAN WAS ATTACKED BY ARMED ROBBERS THE SUM OF $2M WAS STOLEN.WHICH OF THE INSURERS IS RESPONSIBLE FOR PAYMENT OF THE CLAIM?CAN THE PRINCIPLE OF CONTRIBUTION APPLY?.