Insurance Expert Investigates Bank's Auto Liability Policy Following Accident

Case Overview

This case involves a business auto liability policy declaratory judgment action. A female senior executive employed by a bank was driving to a work-related event in her personal vehicle. Because the woman was running late to the event, she began speeding at 20 mph over the limit. She was also using her phone to respond to emails relating to the event whilst driving. The woman ultimately caused an accident, totaling her car as well as the car she hit. The subsequent action involved determining the coverage that would be provided based on the scope of coverage offered employees using their personal vehicles while on the business affairs of the employer. An expert in insurance claims was sought to determine whether the language of the business affairs of the insured bank could extend to an employee of the bank using her personal vehicle at the time of the accident.

Questions to the Insurance expert and their responses

For insurance policies like the one used by the law firm, how are they paid out?

Most insured companies have a blanket policy in effect. Their policy would certainly be in use for this claim. The funds available would be paid out after a judgment was finalized.

How are employer insurance forms used?

The underwriting office makes the determinations for coverage, and those forms are readily available.

For what types of employees are they applicable?

All employees for such companies that write coverage will issue an insurance card to its employee to be used in any circumstances that could arise while in their job description. The employee is covered from the time he or she touches a vehicle to conduct business. This includes all insurance carriers associated with this business.

About the expert

This highly qualified auto insurance adjustment professional has over 15 years of experience in both personal and commercial claims adjustment. He Is certified in material damage appraisal, insurance claims service, and claims loss. He has worked as an adjuster/appraiser for country insurance before moving on to travelers where he worked as both an appraiser and a trainer of other appraisers which is a testament to his knowledge. He is currently a private insurance consultant who has extensive legal experience.