INSIGHTS

The regular exchange of ideas is a significant part of our culture at the firm. We’re always sharing news articles and strategies as well as personal stories with each other. These are the sorts of things you’d overhear if you spent a few days with us at Goodman Law Group | Chicago.

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Intentional Acts

In my experience, insurance isn’t the first thing most people think about when they wake up in the morning. Whether something will be covered isn’t even a thought until a person has a claim against them or they experience a loss and are seeking reimbursement for damages. The “general liability insurance policies” through which most businesses protect themselves will include an exclusion from coverage for “intentional acts.” After all, insurance companies cannot be expected to insure a business for the intentional consequences of that business’ conduct. An intentional

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David Goodman January 27, 2020
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Reservation of Rights

In a perfect world, you pay for insurance, something bad happens, you file a claim, the insurance company pays for it, the end. Unfortunately, that outcome is too often the exception rather than the rule. Claims are time sensitive. When a policyholder is sued or experiences a loss and files a claim, they hope and need to receive a prompt and clear response from the insurer. But there is no hard and fast rule as to what constitutes a “reasonable” response time. Indeed, the initial response may be

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David Goodman January 16, 2020
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Growing Pains: Protecting Your Business from the Risks Associated with New Customers and Clients

Businesses spend substantial resources on growth in sales. Online marketing efforts allow sales to customers and clients a business many only have contact with via email, and these days it is not unusual to develop new customers entirely via email engagement without “meeting” the customer by telephone or in person. Most of these electronic engagements make efficient use of everyone’s time and work out fine. But don’t let the allure of opportunistic growth override appropriate client vetting and risk management. What do you need to know to minimize

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David Goodman January 16, 2020
Whistleblower Definition

The Role of the Whistleblower

Company leaders should welcome, not fear, the whistleblower. In the 19th century, when a law enforcement officer wanted to alert the public to imminent danger — a fire, a runaway horse, a pickpocket running through the crowd — he blew his whistle. Today’s “whistleblower” is an insider or former insider who reports misconduct that has been enabled or ignored by those entrusted to prevent it. Calling attention to conduct that is perceived to be tolerated, even if the actions are inappropriate, may be treated as disruptive or even

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David Goodman December 20, 2019