An often-overlooked provision in General Liability Insurance
Policies is the Supplementary Payments provision. This clause,
tucked away in the back of the policy, provides some of the most
valuable coverage available in standard general liability policies.
In particular, the provision provides coverage for, among other
things, attorneys' fees awarded to opposing counsel in
litigation and pre-judgment interest. And, notably, coverage under
the provision is in addition to, and not limited by, the
policy's limits of liability.
This video blog post is the first video in a two-part series by
Miller Friel attorney Tab Turano discussing the importance of the
supplementary payments provision. It demonstrates, by way of
powerful example, the value of the supplementary payments
provision, and how corporate policyholders can take advantage of
the coverage it affords. Please watch the video to learn more.
