In this post, Brian Friel wraps up his series
The Ten Biggest Mistakes Made By Corporate Insurance
Policyholders, discussing how multiple types of insurance
policies can cover a single claim.
When a claim comes in, it is important for corporate
policyholders to look at all potentially applicable insurance
policies, which include not just the most obvious kinds of
coverage. Multiple insurance policies typically cover a
single claim. The reason for this is that lawsuits often
allege more than one thing. Within a single claim, certain
allegations may trigger D&O (Director and Officer) coverage,
others may fall under E&O (Errors and Omissions) coverage,
while others may trigger EPLI (Employment Practices) coverage. More
often than not, a claim will extend into multiple lines of
coverage, effectively multiplying the potential coverage.
Insurance policies are complex, and the law controlling coverage
even more so. What corporate policyholders do early in the
claims
