Truck cargo was insured under a Transportation Policy when a theft occurred. The cargo owner expected coverage; however, the insurer disagreed. It held that its policy was not obligated to pay as the loss details did not qualify for coverage. The cargo owner sued for coverage.

Click here to see how a court addressed whether the situation was an eligible claim.

Regardless the type of policy, the language appears early on to share what is the intent of coverage. A key first step in understanding protection often depends on finding out what is meant to be covered. A word of advice: timing is very important. The time to determine whether needed coverage exists is before losses occur. Doing so afterwards, well, that can mean having to confirm for a client that there is a coverage gap. At a minimum, learning of gaps may result in angering and losing a client. Far more important is that gaps can endanger business continuity, so insureds should be encouraged to review what is in the policy they've purchased.

Click here for an example of how coverage intent is discussed under the CA 00 20-Motor Carrier Coverage Form Analysis.

A historical problem with insurance and with the issue of risk management is that those who own businesses are fully engaged with daily tasks and challenges that have to be met to maintain their operations. Even more time and energy are dedicated to get a business to grow profitably.

Yes, insurance professionals are stewards, charged with creating heightened awareness of the essential role played by the products and services that are designed to protect business. The fact is that, too often, businessowners see our offerings as expensive distractions. Still, persistence in the effort to educate those we serve is necessary, else we are not doing OUR jobs. Coverages Applicable is a tremendous resource for, initially, providing a snapshot of the universe of coverage that should considered.

Click here to see some information provided by the section on Trucking and Transit found in Coverages Applicable in Advantage Plus.

Advantage Plus touches upon various insurance issues in a variety of ways that may be easy to overlook. A goal of providing advice to others is often hampered by tunnel vision, so angles and perspectives may be missed. Here's an idea: search for more information. Using our search feature could open you up to a more comprehensive approach in dealing with coverage issues.

Click here for an example of how you might perform a search in different products that could provide ideas and solutions.