Glossary
Severability
A provision treating each insured separately, so one person’s misconduct or misstatement does not automatically void coverage for innocent insureds — important…
What is severability?
A provision treating each insured separately, so one person’s misconduct or misstatement does not automatically void coverage for innocent insureds — important in multi-owner firms.
Why it matters
Severability preserves innocent partners’ coverage when a colleague’s misconduct triggers an exclusion — each insured is treated separately. Firms with multiple principals should insist on strong severability wording; solo practices rarely need to think about it.