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Welcome to RIMS 2009 Annual Conference & Exhibition. Familiarize yourself with the Emergency Exits Silence Cell Phone/Blackberry
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Welcome to RIMS 2009 Annual Conference & Exhibition • Familiarize yourself with the Emergency Exits • Silence Cell Phone/Blackberry • Your Feedback is very important to RIMS and to the Speaker(s). Please complete the session evaluation form and return to the door Monitor. (For (IND) industry sessions, please give the completed form to the moderator of the session.) • Here’s to a greener meeting! To support RIMS Green Initiative, there are no printed handouts. Visit www.RIMS.org/Handouts to download available handouts. Printing on Demand stations are available in Lobby A of the Orange County Convention Center, as well as in RIMS cyber stations located in booths #431 and #1759 in the Exhibit Hall.
Risk Transfer Vehicles Additional Insured Coverage 3rd Party Liability Insurance 1st Party Insurance CGL Professional Pollution Builders Risk Property Indemnity Contractual Rights
Hotly Contested Issues Allocation Priority of Triggered Coverages “Other Insurance” Waiver of Subrogation Notice
Place Your Bet! Black: You break even! Red/Green: You lose!
Additional Insured (AI) Coverage Advantages/Disadvantages Interpretation Evolution of AI Endorsements Completed/Ongoing Operations Certificates of Insurance
Contractual Indemnity – What is Covered? Not Covered Covered Liability Indemnity
Evolution of the AI Endorsement CG 20 10 11 85 “arising out of” CG 20 10 07 04 Replaces “arising out of” with “caused in whole or in part”; Excludes completed operations CG 20 10 10 01 Excludes coverage for completed operations CG 20 37 10 01 Reinstates completed operations coverage CG 20 09 11 85 Specifically excludes completed operations CG 20 09 11 85 Specifically excludes completed operations CG 20 10 10 93 Limits coverage to “ongoing operations” 1985 1993 2001 2004 CG 20 10 11 85 “arising out of” CG 20 10 10 93 Limits coverage to “ongoing operations” CG 20 10 10 01 Excludes coverage for completed operations CG 20 37 10 01 Reinstates completed operations coverage CG 20 10 07 04 Replaces “arising out of” with “caused in whole or in part”; Excludes completed operations ***