Masonry Magazine June 1965 Page. 8
Insurance For Contractors
(continued from page 7) operate include such limitation and then establish the additional cost for voluntary extension by endorsement. Recommended.
C-All States Endorsement
Your insurance carrier can endorse the policy without charge to provide Coverage A automatically in all states except those monopolistic Fund states which do not permit private insurance. These are: Nevada, North Dakota, Ohio, Oregon, Washington, West Virginia and Wyoming. Coverage B is applicable in the United States of America, its territories, possessions or Canada to injury sustained, "by any employee of the insured arising out of and in the course of his employment by the insured, either in operations in a state designated in the policy declarations or in operations necessary or incidental thereto." Recommended.
D-Longshoremen's and Harbor Workers' Act Coverage; Maritime and Federal Employees Liability Act
If any work involving maritime exposures is contemplated, it is important to endorse the policy to provide coverage under these Acts, which may prove applicable in lieu of a state's Workmen's Compensation Act.
E-Endorsements Defining the Status of Executive Officers or Partners
Many states require endorsement to clarify or define the scope of coverage provided under the applicable Workmen's Compensation Law as respects injury to corporate officers or partners. The law of your particular state should be examined in this respect and the policy endorsed to provide the coverage intended.
THE AUTHOR
Walter T. Derk is Assistant Vice President of the Fred S. James & Company, national brokerage firm with headquarters in Chicago. He has over 19 years of experience in the casualty insurance field and is one of the leading national speakers on this subject. Mr. Derk has lectured architectural classes at the University of Illinois on the subject of contract specifications and is the author of many comprehensive articles on insurance.