Insuring Your Business -- November 2012


In This Issue:

Are You Liable for Serving Alcohol at Holiday Parties? Does Your Insurance Policy Cover You? --

Let’s say that you are having a holiday party (with alcohol served) at your home, or you are a business owner and have a voluntary “company” party for your employees. If someone becomes “visibly intoxicated” at your party, are you as the host of the party liable if the visibly intoxicated guest leaves your party and injures himself or someone else? Does your homeowners or commercial liability policy cover you for defense costs and for a settlement or judgment if you get sued? What about worker’s comp coverage for your employees? The answers are complicated, I’m afraid...

How Well Does Directors & Officers Coverage Protect Officers and Directors From Claims --

Many McNees Wallace & Nurick attorneys and clients sit on for-profit and not-for-profit boards of directors. Most of these board members take some comfort in the fact that Directors and Officers (“D&O”) insurance coverage will protect them if they are sued based upon any decisions and actions as directors or officers. But if a director or officer is in the unfortunate situation of being named in a lawsuit, how well does D&O coverage protect that individual against claims?...

Please see full issue below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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