Insurance Newsletter

Insurance Considerations in Mergers and Acquisitions

Insurance policies may be considered significant assets of a company engaged in a merger or acquisition. Although comprehensive general liability policies often contain an anti-assignment clause, such clauses normally are narrowly construed to bar assignment of rights under insurance policies only if the assignment expands the obligations of the insurer. More...

Workers' Compensation Insurance

Workers' compensation insurance is acquired by an employer. Usually, the decision to acquire such insurance is made as a choice, mandated by state law, between purchasing workers' compensation insurance or being self-insured through a separately administered and funded plan. More...

Professional Liability Insurance - Errors and Omissions Policies

Professional liability policies, also called errors and omissions (E&O) policies, are purchased by professionals to protect themselves from liability arising from their performance of professional services. E&O policies are typically purchased by those in the medical, legal, and banking professions, but policies may be issued for many other professions. Directors and officers liability policies are also included within the scope of professional liability insurance, but this article focuses on E&O policies.More...

Insurable Interest

A beneficiary may procure insurance upon the life of an insured only if he has an insurable interest in that insured's life. The determination of whether the beneficiary has an insurable interest depends upon the nature of the relationship between the beneficiary and the insured. If the beneficiary has a valid, insurable interest, he may recover the insurance proceeds upon the insured's death. If he does not, however, the insurer may plead a lack of insurable interest and avoid liability on the policy.More...

Aviation Insurance

Aviation Liability CoverageMore...