Innocent Insured
Key Takeaway
A policy provision that preserves coverage for insured attorneys who had no knowledge of or involvement in a co-insured's fraudulent, dishonest, or intentional acts. Without this clause, one attorney's misconduct could trigger a policy exclusion that voids coverage for all attorneys insured under the same policy..
Definition
A policy provision that preserves coverage for insured attorneys who had no knowledge of or involvement in a co-insured's fraudulent, dishonest, or intentional acts. Without this clause, one attorney's misconduct could trigger a policy exclusion that voids coverage for all attorneys insured under the same policy.
Why This Matters for Law Firms
Understanding this concept is essential for law firms because it directly affects how your coverage responds when a claim is filed. Misunderstanding policy structure terms can leave your firm exposed to uninsured losses, particularly during carrier transitions or when claims surface years after the underlying work was performed.
Example Usage in Context
A managing partner reviewing the firm's renewal materials might ask the broker: "Can you confirm our innocent insured aligns with what we had under the prior carrier? We want to make sure there are no gaps in our retrospective protection."
Related Q&A
Related terms
Need help understanding your policy?
Get a free coverage review and we'll walk through every key term in your law firm's insurance program.