According to court documents court of appeals agreed with the insurer. The Court held that knowledge of accounting clerk, myself, that one act is enough to warrant denial of insurance coverage. This is true even if the firm partners, managers and owners can prove that they did not know about the thefts when they signed the policy documents in July 2008.

Every word in the insurance policy can have great significance, as the word you in any accounting firms (including employees of the word), Mr. Glikin said. This is why business owners and officers often seek counseling legal advice in determining the scope and purpose of the insurance policy before signing on the dotted line.

Josh Glikin is the managing partner litigation team at the firm intellectual property department. He has experience litigating matters of intellectual property in federal court in the country, including patent, trademark and copyright infringement legal action, fraudulent trade secrets, and software disputes. Mr. Glikin also has experience of common law actions, including breach of contract lawsuits, employment and security and can be contacted at glikin@bowie-jensen.com.