Employee Dishonesty Coverage: The Danger of Expanding Coverage to Investment Advisors

By Michael M. Salem In an age of outside investment advice, consulting, and a myriad of other investment services, many insurers and insureds have been left ponder the reach of "Employee Dishonesty" coverage for individuals working outside the physical workplace of the insured. When insureds look to the outside world for such advice, only to choose the next Madoff, the meaning of the term "employee" can be determinative of coverage and recouping a loss. Full story on lexis.com