First party insurance coverage vs. third party insurance coverage – which do you need for each loss?
First party insurance coverage covers the insured against loss or damage to the insured’s person or property, including business interruption and cyberliability. Third party insurance coverage covers the insured against liability for loss or damage to another person’s person or property actually or allegedly caused by the insured. This video reviews first party coverage, business interruption coverage, cyberliability coverage, as well as third party coverages.
Agenda
Faculty
Kevin B. Dreher
Barnes & Thornburg LLP
- Partner, Barnes & Thornburg LLP, co-chair of Insurance Recovery Practice
- Litigator, and trial lawyer focusing on insurance recovery on behalf of policy-holders, complex commercial litigation, and dispute-related counseling
- Has represented policyholders and recovered hundreds of millions of dollars in a wide range of insurance coverage disputes, including long-tail environmental, toxic tort, and asbestos claims under general liability policies; claims for media liability and PAIL coverage; losses stemming from natural and man-made disasters and COVID-19 under first-party and business interruption insurance; securities and fiduciary duty claims triggering D&O liability coverage and professional liability insurance; and losses under ocean cargo marine and storage policies
- Can be contacted at [email protected] or 312-214-8308
Bradley H. Dlatt
Perkins Coie LLP
- Counsel in the insurance recovery practice in Perkins Coie LLP’s Chicago office.
- Provides insurance-related counseling to corporate, non-profit, and individual policyholders, including assisting with purchasing and renewing insurance policies, auditing policies, and advising on contractual risk transfer through additional insured and indemnity provisions.
- Represents policyholders in insurance coverage disputes, including in COVID-19 business interruption litigation and disputed claims under CGL, Cyber, D&O, E&O, Employment Practices Liability, Fiduciary Liability, Fidelity Bond, and Commercial Property coverage forms.
- Recognized as an Illinois Super Lawyers Rising Star in Insurance Coverage annually since 2019.
- Writes and presents regularly on insurance coverage issues and maximizing contractual risk transfer.
- Graduated magna cum laude, Order of the Coif from Washington University School of Law in St. Louis. Also holds a B.A. and M.P.P. from The George Washington University.
- Can be contacted at 312-324-8499 or [email protected]
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