Professional Services Exclusion

As all insurance agents know, the intention of the professional services exclusion is to ensure that professional liability claims are excluded from coverage under a general liability policy and covered under a professional liability policy (see here). Underwriters have used professional services exclusions on general liability (GL) policies for years and have done so effectively. But there are gray areas, as two recent court rulings demonstrate. An appellate court case in Minnesota (see here) involved an investment management firm that...