On September 23, 2019, the Seventh Circuit acknowledged a common problem with Errors & Omissions (“E&O”) insurance for professional services by finding that an overbroad breach of contract exclusion rendered coverage...more
9/28/2019
/ Appeals ,
Blue Pencil Contract Modification ,
Breach of Contract ,
Denial of Insurance Coverage ,
Design Professionals ,
Errors and Omissions Policy ,
Illusory Contracts ,
Industrial Design ,
Insurance Litigation ,
Policy Exclusions ,
Professional Services Companies ,
Reasonable Expectation of Coverage
In Caterpillar, Inc. v. Century Indem. Co., et al., 2019 IL App (3d) 190032, the Illinois Appellate Court, Third District, issued an opinion that highlights the need for parties to carefully consider alternate dispute...more