This Delaware District Court judgment considered the insured’s claim under the insurer’s Not-For-Profit Entity and Directors, Officers Liability Insurance Policy (“the Policy”).
The Policy the parties explicitly excluded any claim “alleging, arising out of, based upon or attributable to any actual or alleged contractual liability of [SAEDF] under any express contract or agreement.”
The
This Delaware District Court judgment considered the insured’s claim under the insurer’s Not-For-Profit Entity and Directors, Officers Liability Insurance Policy (“the Policy”).
The Policy the parties explicitly excluded any claim “alleging, arising out of, based upon or attributable to any actual or alleged contractual liability of [SAEDF] under any express contract or agreement.”
The
This blog was co-authored by Maano Manavhela, Candidate Attorney.
In this case, the parties entered into a written contract whereby the defendant would provide cash management and security services. The claimant’s money was lost during a cash-in-transit heist whilst in the custody of the defendant. The court found that the loss sustained by the