Joint Ventures, Partnerships and Limited Liability: Discussion of Liability Insurance Issues

Provided by: Marsh
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This paper discusses issues pertaining to insurance coverage for liability arising from joint ventures, partnerships and limited liability companies. Throughout the paper, the terms "joint venture," "partnership" and "limited liability company" are used independently, whereas the term "JV" is used to refer generally to all three combined, and the term "members" refers to members and partners of JV's. The report concludes that issues pertaining to JV's, exposures to loss arising out of them, and coverage for such exposures are fraught with complexity.

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