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A friend of mine was a corporate insurer. Whenever a large firm like dropbox made a clanger and got sued, the insurers would work out how much negligence there
by tezza 15y ago
A friend of mine was a corporate insurer.
Whenever a large firm like dropbox made a clanger and got sued, the insurers would work out how much negligence there was involved.
The insurers discussed the issue with the company and said "you were negligent here, here and here" therefore "we're only going to cover you to X<100% of your public liability"
So negligent actions are not covered by insurance, and some portion will still have to be coughed up.
- dctoedt 15y ago> So negligent actions are not covered by insurance Depends on the kind of insurance. E&O (errors & omissions) most assuredly does cover negligence.[1] [1] http://en.wikipedia.org/wiki/Professional_liability_insurance#Errors_and_omissions_insurance http://en.wikipedia.org/wiki/Professional_liability_insuranc...