Explaining endorsement
Q. My compliance consultants tell me I should explain endorsements to clients. Surely it is up to them to read policies?
Ian Ritchie, Managing director, RW Associates
If your client is in a non-hazardous business and has a 'standard' policy with no unusual or restrictive endorsements, then, provided that everything is set out clearly, there should not be a problem. However, if there are restrictive endorsements or warranties, then these should be clearly explained to the client, together with the consequences of non-compliance.
You should not assume that a commercial insured would have sufficient knowledge to
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