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This is your newBusiness Liability InsuranceAnswer Book 2014Betsy P. CollinsDevin C. DoliveTaylor N. BarrBurr & Forman LLPThe new Business Liability Insurance Answer Book 2014 containsanswers to those common insurance issues that plague business owners andmanagers. We intended this book to be an easy reference guide that nonlawyersand business people could consult for use in risk management planning.The scope of business liability insurance is potentially endless. Wehave tried to address the most common forms of business liability insurance,which are identified below, but there are many more types of coverage available.In many instances, your particular industry may have special liabilityissues, and in most cases, insurance coverage is available to protect againstthose specialty risks. Your broker can help you identify your particular risksand what is available to you in the insurance marketplace. Those specialtylines are beyond the scope of this book. Additionally, we have tried to steerclear of complex legal issues since this work is not intended as a learnedlegal treatise, but rather is intended for the average business person.We have addressed these common types of business liability insuranceby chapter, as reflected in the summary of contents which follows. In Chapter1, we make some predictions about emerging areas of concern in potentiallitigation. There are some general insurance concepts that apply acrossthe board to all types of insurance and we address those in Chapter 2. InChapter 3, we provide some common sense guidance to help you understandhow you might approach your insurance needs. Finally, in Chapter 11, wegive some guidance on common issues that arise with claims. Remember,this book is a reference guide. Our best advice to you is that you make surethat you have the assistance of reputable insurance professionals in makingdecisions about your insurance needs and that you seek the assistance ofcompetent legal counsel for any liability or claims issues.Summary of Contents1 Emerging Areas of Claims Litigation2 Insurance Concepts and Definitions3 Practical Liability Insurance Solutions(continued on reverse)Practising Law Institute810 Seventh Ave.New York, New York 10019#47533

4 Commercial General Liability Coverage5 Professional Liability Insurance6 Directors’ and Officers’ Liability Insurance7 Fiduciary Liability Insurance8 Employment Practices Liability Insurance9 Excess Insurance10 Fidelity/Crime Insurance11 ClaimsAbout the AuthorsBetsy P. Collins is a partner with Burr & Forman LLP in its Mobile, Alabamaoffice. She practices in the firm's commercial litigation group. Her litigationpractice includes class action litigation, complex commercial andbusiness litigation as well as securities litigation with an emphasis onresponsibilities of directors and officers including related insurance coverageissues. Ms. Collins has represented companies, officers and directors inshareholder litigation and derivative litigation matters arising from financialreporting irregularities, stock option backdating, and M&A. In addition, Ms.Collins has a wide-ranging insurance litigation practice that has includedcases involving securities products of life insurance companies and otherinsurance-related securities, unfair competition and non-compete agreements,as well as all manner of consumer class actions. Ms. Collins has beennamed as a Georgia Super Lawyer in the area of Commercial Litigation. Ms.Collins was named in Guide to the World's Leading Insurance & ReinsuranceLawyers, 7th and 8th Editions, and Who's Who Legal (Insurance):Georgia 2007. Ms. Collins received her J.D. from the University of AlabamaSchool of Law, where she served as associate editor of the Alabama LawReview, and her B.A. degree, magna cum laude, from Judson College.Devin C. Dolive is a partner with Burr & Forman LLP's Birmingham, Alabamaoffice. His practice includes commercial litigation and labor &employment matters and representation of both insureds and insurers ininsurance coverage disputes. Devin received his J.D. from the University ofVirginia School of Law, where he served as executive editor of the VirginiaJournal of International Law and his B.A., summa cum laude, from AmherstCollege.Taylor N. Barr is an attorney with Burr & Forman LLP in its Mobile, Alabamaoffice. She practices in the firm’s commercial litigation group. Herpractice includes representing clients in insurance coverage disputes, complexbusiness litigation, and worker’s compensation defense. Taylor receivedher J.D. from the University of Alabama School of Law, where she served assenior editor for the Alabama Law Review and her B.A., magna cum laude,from Vanderbilt University.Thank you for subscribing to Business Liability Insurance Answer Book2014. If you have questions or comments, please contact us by referring toQUESTIONS ABOUT THIS BOOK? on the page following the title page.