Optional business innocent insured coverage (BIIC) protects innocent lawyers in firms who may face claims that are otherwise uninsured because the business interest of another lawyer at the firm triggers Exclusion 6.2 of the professional liability insurance policy (Part A), the "business exclusion" clause.

The coverage will apply when partners are unaware, despite reasonable and regular enquiries, that another lawyer in the firm was providing legal services that trigger the business exclusion.

The 2017 Business Innocent Insured Coverage Policy is the current policy. The cost is $300 per firm lawyer.

Summary of the Business Innocent Insured Coverage ("BIIC") Policy

For more information, contact Coran Cooper-Stephenson of the Lawyers Insurance Fund.