Failure to report potential claims in an insurance application can result in a useless legal malpractice insurance policy. In Focus on Full and Accurate Disclosures on Your Legal Malpractice Insurance Application, Daily Business Review discusses a case in which the partner filling out an application failed to note a potential claim as requested. The policy was declared void by the court for the misrepresentation. The innocent partner provision of the policy was not applied to the situation, with the court explaining that innocent partner protection applies to give coverage to others in the firm when one person in the law firm engages in an intentional act resulting in damage, not when the application fails to report a potential claim.

By Jett Hanna