Post by FireworksFX on Dec 2, 2021 6:03:20 GMT -5
Hi Geeman, you need to speak to your broker about this right away before you do anything. Liability cannot be shared nor can any of us "sell" insurance coverage. If an insurer even finds out about someone offering to share their insurance they are at risk of having it cancelled outright.
An insurance policy covers only the risks declared to the insurer when the policy is issued and adding any additional risk or exposure without clearing it with the insurer beforehand means that risk is not covered.
If I have learned anything about insurance is that you have to be squeaky clean with your insurer. Insurance companies do not like to pay claims and before they pay out a claim they will do everything they can to make sure that they are actually liable under the terms of your contract with them, the policy. And even then sometimes it requires the policyholder to take further action such as hiring a lawyer to argue their case with the insurer.
Tread very very carefully...
SHOP Fireworks FX.com
An insurance policy covers only the risks declared to the insurer when the policy is issued and adding any additional risk or exposure without clearing it with the insurer beforehand means that risk is not covered.
If I have learned anything about insurance is that you have to be squeaky clean with your insurer. Insurance companies do not like to pay claims and before they pay out a claim they will do everything they can to make sure that they are actually liable under the terms of your contract with them, the policy. And even then sometimes it requires the policyholder to take further action such as hiring a lawyer to argue their case with the insurer.
Tread very very carefully...
SHOP Fireworks FX.com
