13
Feb
12

innocent insured issues

The ABA Journal Magazine published an informative article by Ian T. Matyjewicz and David A. Grossbaum on coverage issues for innocent insureds when other attorneys in the firm are excluded wrongdoers.  Without repeating the issues here, there can be serious coverage concerns for innocent partners who are sued as a result of intention misconduct by other partners.  Although insurers often provide coverage for “innocent insureds,” coverage can still disappear under certain scenarios depending on the policy or the law of the state.  Among the concerns can be policy rescission which voids the policy, thus eliminating even the innocent insured coverage.

You cannot always escape bad partners. (tm/c) The Walking Dead/AMC

If you have partners or are in charge of your firm’s coverage decisions, the article provides important considerations.  A good broker or coverage counsel can help you analyze the various policy language options that will provide the maximum coverage.

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