No 'Errors and Omissions' Coverage for Schifty!
Slam dunk case of False Claims?
https://www.executivesummaryblog.com/2017/02/no-coverage-for-california-false-claims-act-suit/
A California federal district court has granted an errors and omissions liability insurer’s motion for summary judgment that it had no duty to defend a suit against its insured alleging violations of the California False Claims Act (CFCA), holding that the underlying suit created no potential for coverage and that there was no reasonable expectation of coverage in light of the nature and kind of risks covered by the policy. Office Depot, Inc. v. AIG Specialty Ins. Co., No. CV 15-02416-SVW-LPRx (C.D. Cal. Jan. 4, 2017).
California Insurance Code § 533 – which precludes insurance coverage for losses caused by an insured’s willful acts
https://www.trustedchoice.com/business-insurance/liability/errors-omissions
Schiff…
Lawyers and legal professionals: Human errors in law sometimes equate to innocents going to prison, and sometimes involves more life-or-death consequences. In order to avoid any business-ending misrepresentation or negligence claims, lawyers and law firms both typically have E&O insurance. It helps to cover anything they may miss due to having normal human brains.