Policy Structure
Manuscript Policy
A custom-drafted insurance policy negotiated between the insurer and the insured, as opposed to a standard form policy. Large law firms and firms with unusual risk profiles often negotiate manuscript policies that modify standard coverage terms, add bespoke endorsements, or address coverage gaps specific to their practice. Manuscript policies require careful review because they lack the industry-standardized language that courts have interpreted in thousands of coverage disputes.
Related terms
UnderwritingThe process by which an insurance carrier evaluates the risk presented by a prospective insured and ...Policy PeriodThe span of time during which an insurance policy provides coverage, defined by a specific inception...EndorsementA written amendment attached to an insurance policy that modifies the policy's terms, conditions, ex...