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Home / Opinion Digests / Insurance – Policy Coverage – Professional Liability – Accounting Clerk Theft (access required)

Insurance – Policy Coverage – Professional Liability – Accounting Clerk Theft (access required)

An accounting firm does not have coverage under its professional liability policy for an accounting clerk’s embezzlement of funds from several of the firm’s clients, says a Richmond U.S. District Court. The carrier denied coverage on several grounds. First, it asserted the claims were logically or causally connected such that they constituted interrelated claims and would ...