Patent ID: 7747455

Claim:
A method for providing a benefit payable to an innocent partner insured by a partner protection insurance policy, said innocent partner being in a partnership with a defendant, said defendant having to pay uninsured damages to a plaintiff due to a judgment against said defendant in a court proceeding wherein said defendant was a named defendant in said proceeding, said method comprising the steps of: a) receiving in a computer system an insurance claim against said partner protection insurance policy covering said innocent partner, said partner protection insurance policy comprising an exclusion whereby no claim will be paid if said insured innocent partner is also a named defendant in said court proceeding; b) determining an amount of said uninsured damages payable from the joint assets of said partnership; c) determining a fraction of said joint assets assignable to said innocent partner in the event of the dissolution of said partnership, said dissolution being governed by the laws and legal precedents of a State; d) calculating said benefit by multiplying said amount of said uninsured damages payable from said joint assets by said fraction; and e) paying said benefit to said innocent partner, wherein said step of determining said fraction of said joint assets assignable to said innocent partner is performed on a computer system specifically modified to automatically determine said fraction according to the requirements of said laws and said legal precedents of said State.