Claims
A waitress comes into her place of work to have dinner with her family and slips and falls on the wet floor on her way out, which policy pays out?
General Liability
An ice cream company sells 50 pints of ice cream using expired milk and causes multiple people to get sick.
Products & Completed operations
Symbol 1
Any Auto
EL
Employers' Liability
A trucking company has a symbol 1 liability and symbol 8, 9 comp/coll with $5K deductible auto policy. Their CEO calls an uber to a client meeting and they get into a car accident, causing $20K in damages to the other car.
This will be sorted between Uber and the third-party.
A tree falls on our client's car, where is this specifically covered?
Auto physical damage - comprehensive
While renting a temporary office space, an employee accidentally starts a fire and causes $20K worth of damages to the building.
Damage to Premises Rented (Fire Damage)
Employee personal vehicles
Symbol 9
CA
Commercial Auto
A restaurant has an occurrence policy with $1M/$2M limits and a $50K deductible. They send out an undercooked roast chicken which causes medical bills to a family of four, each in the amount of $50K. How does the policy respond.
The policy pays out $200K then bills the client back for $50K
An employee is driving a truck an accidentally drives it over another employee's foot, which policy pays out?
Workers' compensation
A local burger restaurant puts the McDonald's logo in their store-front sign to attract more customers, but McDonald's sues.
Personal & Advertising Injury
Scheduled Autos
Symbol 7
TPA
Third-Party Administrator
Our client has an auto policy with liability symbols 8 and 9 and comp/coll symbol 8 with a $1,000 deductible. An employee is driving their personal vehicle for company business and hits a tree, totaling the vehicle worth $30K. How does the policy respond?
A farmer is driving a tractor and hits a neighbor's well, causing damage. What policy pays out?
Farmer's GL
A contractor working on-site drills through a water pipe and causes flooding to a nearby home-owner, incurring $760K in damages.
Occurrence
Symbol 2
Owned Autos
SLT
Surplus Lines Taxes
An employee's hand is crushed by a forklift as they intentionally operated it incorrectly to try and get the job done faster. They incur $100K in medical damages and $100K in lost wages. They also sue the employer for an additional $250K for emotional distress under the employer's liability policy. How does this pay out?
The employee is covered for the $200K in medical damages and lost wages, but not the emotional distress. The employer was not negligent.
Company A has a symbol 1 auto policy with a $5K comprehensive and collision deductible. An employee driving a company vehicle hits a building, causing $20K in damages to the building, $10K in damages to the vehicle, and $50K in medical expenses to the employee. What policies pay out and how?
Auto Liability - $20K, Auto Collision - $5K, Work Comp $50K.
A woman is walking to the restroom at a client's restaurant and a panel from the ceiling falls and hits her head. She is rushed the hospital and a scan shows that there is no injury, but bills of $3,000 are incurred. There is currently no lawsuit.
Medical Expense
The client has an auto policy with symbol 1 auto and symbol 7 physical damage. They acquire a new vehicle without disclosing to Lockton and get into an accident 3 months later, incurring $100K in medical bills to a third-party and $50K in damages to the vehicle itself. How does the policy respond?
EMR
Experience Modification Rating
A food manufacturer has a claims-made policy with a $50K per claim SIR. They make a batch of tainted food which is consumed and results in the following three claims amounts all associated with the same batch: $25K, $50K, and $100K. How does the policy respond?
The policy pays $50K for the last claim, but does not respond to the first two because the deductible is applied per claim.