Late Discovery Of An Employee’s Wrongdoing — Does It Equal Late Notice To The Insurer?

Corporate Counsel

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PUBLISHED ON: June 18, 2008

This article originally appeared in Anderson Kill's Policyholder Advisor (March/April 2010).

Although to err is human, in business, to forgive is more than divine — it’s exceedingly rare. For that reason, Errors & Omissions (“E&O”) Insurance, covering companies and individuals for malpractice, mistakes or negligence made in the line of work that allegedly cost a client or customer money, is a core component of most corporate risk management programs.