Insurance Coverage

BSWB has extensive experience representing issuers and underwriters of all types of business and professional liability insurance including: Directors and Officers liability; banking and other financial institutions Errors and Omissions liability; ERISA and other fiduciary liability; Employment Practices Liability; mutual funds and investment adviser Errors and Omissions liability; agents and brokers Errors and Omissions liability; and insurance company Errors and Omissions liability. The firm’s experience extends to the underlying liability issues, such as developing corporate governance standards and exposures presented by the Sarbanes-Oxley Act and similar legislation.

The firm currently represents domestic and international insurers with multiple exposures impacted by some of the most significant matters making today’s news headlines, including: Enron, WorldCom, Healthsouth, Imclone, IPO Laddering, Research Analyst, and Mutual Fund Market Timing matters. BSWB is also involved in many other securities fraud and derivative cases against Fortune 500 companies, smaller public companies, and private entities. The firm is also actively handling many matters that, while individually may not constitute headline-grabbing exposure, are nonetheless important to our clients’ programs. Coordination among our Underwriting Consulting, Regulatory Consulting, Litigation and Reinsurance practices is emphasized to ensure that each matter is viewed in its proper context for every aspect of our clients’ business.

As monitoring and coverage counsel, the firm draws on its expertise in the substantive areas of the law and experiences with plaintiffs’ counsel to work toward resolutions that are satisfactory to both the insurers and their insureds. Wherever possible, the firm works to assist its clients with the earliest possible identification of exposures and is proactive in determining the most effective and efficient avenues for minimization of exposures. When appropriate, the firm has the experience and expertise to litigate and/or arbitrate coverage disputes or policy rescission issues in the United States and abroad (see Litigation practice area). The leading plaintiffs’ and defense firms are familiar with BSWB and its track record, which benefits the firm’s clients at every stage of a case.