How To Draft and Interpret Insurance Policies, 2nd ed.

Most insurance, risk management, and legal professionals are never taught the proper way to read and interpret an insurance policy, discover drafting errors, or correct poorly worded policy language. Unfortunately, this lack of training results in surprise coverage denials, missed opportunities when reviewing competitors policies, damage to professional reputation, lost clients, and bad faith or other legal claims that could have been avoided with accurate insight. Recognizing that you, your team, and the industry need some help on this front, IRMI has responded with a new edition of How To Draft and Interpret Insurance Policies. This working tool guides legal and risk professionals step by step through the process of interpreting existing policy language, from applying a basic coverage analysis, to looking for overriding concerns, to understanding advanced coverage issues like the reasonable expectations doctrine. How To Draft explains what to look out for in terms of words, phrases, punctuation, and formatting, along with the negative and positive implications of specific wording. The knowledge and insights in this powerful book will improve the ability of any legal or risk professional to quickly and correctly determine how a policy does or does not apply to a claim scenario or to draft bulletproof policy language that clearly conveys coverage intent.