@dmk Thanks! That quote is somewhat helpful. This suggests that D&O coverage extends beyond D&O and to the entity itself. Is this always the case with D&O because if not, wouldn't another policy be needed to cover IP infringement claims?
@madkingthesinner Thanks for sharing. I just read that explanation, which does lend some context but introduces another question:
What does this mean? This seems like it would fall to the exclusions, but no duty to defend the insured seems like an exclusion that defeats the entire purpose of...
@bfastpool Exact scenario I want to protect myself from. It’s a consulting business and my model requires 3rd party vendors that will undoubtedly take market share from other vendors. I’m concerned a vendor who I may take market share from could conjure up a claim, legitimate or not, that our...
If a company unintentionally uses another company's IP and gets sued, I'm trying to understand which insurance would cover this. I've been told D&O, but the lawsuit would be against the company, not individuals and the use of the IP may not have been a decision made at the top of the command...