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Experience Modification Rating tip Written by Thompson & Smith on Aug 9, 2016

Over the past 20 years I have been involved with all aspects of construction insurance, including Workers’ Compensation.  One frequent question I receive from my clients is the question of why their Experience Modification Rating (EMR) increased, yet they had not suffered any additional losses. 

Usually if no additional losses come onto your EMR, but your EMR has increased some over last year then most likely the expected losses used in the calculation of the EMR have decreased from the prior ...




Liability issues and subcontractors Written by Thompson & Smith on Jan 3, 2015

Let's start with a discussion on Additional Insured status. If you receive a certificate of insurance and it states that you are an add'l insured – is that sufficient? NO
Asking the sub to provide you with Add'l Insured status is the same as asking the sub to provide you a white refrigerator. More than likely without any direction as to the specifications of the refrigerator you want, you will likely end up with the most economical white refrigerator available. Same will happen with ...




Why does insurance NOT cover things that actually happen? Written by Thompson & Smith on Aug 22, 2013

A general contractor client asked me this very question. He did ask in jest as we discussed his insurance renewal. However, his point is a valid one. The current standard ISO Commercial General Liability (CGL) policy was put into use in 1986 and was a 9 page form. This current form is on its eighth revision as of April 2013 and now contains 16 pages. The first page lays out the coverage provided for Bodily Injury and Property Damage (Coverage A). The next six pages describe what is excluded. ...