Every insurance contract includes provisions that advise you what the insurance company expects from you prior to and after a loss and how they will perform under the terms of your contract. Some provisions may require modification of standard wording to ensure adequate protection is provided for you.

Audit Premium
The proposed premium is based on the following estimates of annual exposures. They are subject to audit after expiration of the policy. Back to top

Broadened Named Insured Used
This endorsement is used to extend specified policies to provide automatic coverage for any organizations in which you currently own 50 percent or more interest in or will create or acquire during the policy year. Normally, such unnamed entities must be reported to your carrier for coverage to apply. Back to top

Clarified Co-Insured End. Used
Under many policies, coverage can be declared void should you or any other insured intentionally conceal or misrepresent a material fact.
Under standard language, if any insured commits such an act, every other insured's coverage rights can be jeopardized. This endorsement
is used to eliminate this restrictive wording by clarifying that each named insured maintains separate rights under the specified policy. Back to top

Coinsurance Limits Reviewed
A policy may contain a coinsurance clause requiring that the limit of coverage be a minimum percentage (usually 80%) of the insurable value
of your property. If the amount of insurance carried is less than what is required by this clause, any claim payment may be reduced by
the same percentage as the deficiency. For example, covered property worth $100,000 may require a minimum of 80%, or $80,000, of coverage
for compliance with the policy's coinsurance requirement. If only $60,000 of coverage is carried (25% less than the required $80,000), then any loss payment would be reduced by 25%. Back to top

Deductible
A policy may include a deductible in its provisions. This limit specifies the amount that will be deducted from any payment made to you because of a covered loss. Back to top

Deductibles Reviewed (CP0320)
It is normally recommended that an annual review be made of the various deductibles used in your property coverage. This is needed to verify that the correct types and limits have been provided at the very best price. Back to top

Delayed Notice of Occurrence
Your policy(ies) may contain a loss-reported clause which states that your losses must be reported to the insurance company when you become
aware of a loss or potential loss. This can be amended to broaden coverage to reduce the chance of claims denial because an employee
fails to report it to the appropriate individual of your company. Back to top

Dividend
Annual insurance costs may be reduced for certain qualified coverage lines by a "dividend". The amount of such a return will be based on
the earned premium and incurred losses you experience during the policy year. Your insurance company is offering this potential premium reduction to you in recognition of your excellent record of loss control. Please note, dividends are not guaranteed and are payable out of surplus at the discretion of the insurance company. Back to top

Failure To Disclose End. Added
The addition of this endorsement will ensure that coverage cannot be denied for claims resulting from hazards which you unintentional fail to disclose. This is important because standard policies can exclude coverage if you fail to notify your carrier of all hazards at the inception date of a policy, even if unintentional. Back to top

Fire Department Service Charge
This coverage is used to extend the Property policy, up to the stated amount, for resulting fire department service charges that are incurred because of a covered loss. Back to top

Loss Adjustment Expense Coverage
This coverage is used to extend your policy to provide reimbursement for those loss adjustment expenses described in the form. Most
standard policies do not cover such incidental costs. Back to top

Modified Examination of Records
Your insurance company is allowed to examine and audit your records for up to three years after the expiration date of their policy. This examination period can be reduced to one year to alleviate unnecessary auditing. Back to top

Motor Carrier Act End. (MCS-90)
This endorsement provides for the compliance with the financial responsibility requirements imposed by the Motor Carrier Act. It requires your carrier to pay for loss resulting from bodily injury, property damage and environmental restorations as set forth under this act. Please note, this is not insurance. You must reimburse your carrier for any payment the latter has made that falls outside the scope of coverage of your basic Auto/Truckers policy. Back to top

Notice of Cancellation - 60 Days
The addition of this endorsement modifies the policy's cancellation clause so that a sixty day notice must be given to you in the event your policy is cancelled by your insurance company. This is important since most policies only require ten to thirty days notice, which may not allow sufficient time for adequate remarketing of your insurance program. Back to top

Notice of Cancellation Reviewed
This endorsement is used to modify your policy's cancellation clause so that your carrier must notify all named insureds of policy cancellations or changes. Many standard policies require that only the first named insured receive such notices of this vital information. Back to top

Notice of Material Change Added
The addition of this endorsement assures that your carrier will provide you with written notice of any material changes or specified premium increases that they will make to your policy prior to its renewal date. Such an extension will provide you with more time to evaluate your renewal insurance program without worry of short expiration deadline dates. Back to top

Prejudgement Interest Coverage
This provision is used to provide coverage for expenses related to prejudgement interest that may be levied against you in a lawsuit. This is important because such interest can be substantial and not be covered by many standard policy forms. Back to top

Protective Safeguards (IL0415, CP1211, CR1509)
This endorsement is a warranty in the policy that all specified protective safeguards will be operational at all times unless you notify your carrier of the impairment. Failure to do so will suspend coverage until the protection is restored. This endorsement does allow shut-down in specific emergency circumstances. Back to top

Record Of Claims End. Used
The addition of this endorsement assures that you will be provided with information concerning claims payments and expenses under your
policy. It allows you to request from your company, in writing, details of your claims activities at any time. Back to top

Self Insured Retention (SIR)
This value represents the amount of damages and/or legal costs that you must assume (retain) before your insurance protection becomes
payable. Back to top

Territorial Limitations Reviewed
This provision specifies the coverage territory in which protection under your policy will apply. Please note that no coverage under a policy will apply unless a covered loss occurs within this defined territory. Back to top