Business Insurance Quotes: A Legal Reading List

Putting the quotation back into business insurance quotes here’s a round-up of what leading lawyers and law firms have recently posted on the subject at JD Supra:

Looking to save money on your insurance coverage? From the July issue of Insuring Your Business, here’s the checklist you need (The DOs and Don’ts of Saving Money on Insurance; McNees Wallace & Nurick).

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“Imagine that you arrived at the office one day and learned that someone was asserting a claim for damages against your company, or that one of the company’s buildings had been damaged in a storm the night before.” That’s when you need to know your duties as a policyholder to ensure that your coverage is not forfeited after a loss (The Importance of Complying With Post-Loss Policy Provisions: Four Things You Must Do To Avoid Forfeiting Coverage After A Loss; Warner Norcross & Judd).

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The California Court of Appeal for the Second District ruled that civil penalties are NOT covered by a commercial general liability policy requiring the insurer to defend suits seeking damages that the insured “becomes legally obligated to pay as damages because of ‘bodily injury’ or ‘property damage’.” (California Court Rules That Insurer Has No Duty to Defend or Indemnify Prop. 65 Claim; Duane Morris LLP).

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Nonprofits should review this “who, what, when, where, why” presentation on the key insurance considerations for nonprofit organizations (Staying Current on Insurance Issues Confronting Nonprofits; Venable LLP).

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Written specifically for IP attorneys, this overview of IP insurance is nevertheless a useful reference for small business owners who think their CGL policy protects them in the event of IP litigation (IP Insurance- What IP Attorneys Need to Know; Maureen Veterano)

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Canadian contractors and subcontractors, read this overview of a recent Ontario Supreme Court ruling on insurance clauses in building contracts before you draft your next contract (Does an Insurance Clause Preclude The Contractor From Being Sued?; Thomas Heintzman / McCarthy Tetrault)

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Do insurance brokers owe fiduciary duties to their clients? Not in California, says the California Court of Appeals for the Second Appellate District (Insurance Brokers/Agents and Their Customers: Not the Relationship You Might Have Expected; McKennon ¦ Schindler LLP)

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If you’re seeking to resolve an insurance dispute through mediation, you’ll want to minimize the likelihood that coverage issues preclude settlement (Insurance can impact your mediation; JAMS, The Resolution Experts) 

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