Nontransferability Provisions

1 minuteread by Gary Huddleston

Nontransferability Provisions — clauses found in professional liability policies indicating that an insured cannot transfer coverage to a noninsured without the insurer’s approval. For example, attorney A who sells his practice to B cannot transfer coverage under his professional liability policy to B without the assent of his insurer. This is because professional liability insurance is a “personal” contract.

1 minuteread by Gary Huddleston

Related Knowledge Base Posts