Insurance & Litigation Management
Start Knowing What You Don’t Know
Get involved in your insurance program and take control of litigation.
Imagine your business suffers a loss you expect to be insured but your claim is denied. You’re left feeling frustrated and helpless, wondering where you went wrong. Perhaps you inadvertently hadn’t selected a type of insurance you ultimately needed, or maybe the event or loss was listed as an exclusion in the fine print. Maybe it’s denied because of timeliness. Or, perhaps it’s based on the insurer’s own interpretation of a specific provision or exclusion that was tucked deep inside that maze. The consequences could be severe but can be avoided.
Now, imagine a case where your claim is accepted but requires litigation. In most cases, your insurer will likely assign one of its lawyers to defend you. However, without proper oversight, litigation strategies may not be in your best interests, leading to skyrocketing premiums at renewal or worse . . . loss of insurance coverage altogether. Remember they are new to the case and likely do not know how your business operates which can lead to misaligned strategies.
We help you uncover hidden loopholes within the labyrinth of legalese insurance policies and are skilled at managing your company’s relations with brokers and carriers. All of this ensures the insurance you’ve purchased to protect your business, and the attorneys assigned in the event of a lawsuit, will react when needed most.
Failure to Clarify Can be Dangerous
GAPING HOLES
Many businesses leave procurement of insurance up to their broker’s discretion without fully understanding the policies they’ve just purchased. Failing to understand and clarify coverage, exclusions and confusing language up front can leave them exposed at the worst times.
Missed Opportunities
Businesses rely upon insurance coverage in times of need, but sometimes miss deadlines and compliance requirements hidden within policies. Scenarios like these can result in missed opportunities for coverage or worse, complete denial.
MISALIGNED STRATEGIES
In situations where a claim is accepted but requires litigation, your insurer may assign one of its lawyers to defend you. Without proper oversight and involvement, your business’ interests may not be aligned with the litigation strategies being deployed.
Gain Confidence
Be certain your coverage and counsel are actually protecting your business.
Preventive Lawyers are skilled at sifting through the legalese in your insurance policies, identifying opportunities and areas of concern, and then working directly with your brokers and carriers to ensure the coverage you are purchasing will react in the event of a loss.
- In the event your insurer assigns a lawyer to represent your business in a lawsuit, we help manage litigation strategies to ensure alignment with your business interests.
-
We help your business assert claims in a timely manner and then advocate in favor of coverage when necessary, all of which can minimize the liklihood of your carrier denying coverage.
-
In the event your insurer assigns a lawyer to your claim case, we manage litigation to keep costs down and ensure your business’ best interests are protected.
The 5 Pillars of Preventive Law
Contracts
Understand, negotiate and develop your contracting process to protect your business’ interests.
Insurance and Litigation Management
Uncover hidden loopholes and manage litigation strategies to ensure they’re working in your favor.
Due Diligence
Conduct adequate due diligence to uncover and analyze potential issues prior to closing business transactions.
Compliance
Create a culture of compliance from development, through implementation and training.
Business Governance
Limit personal liability by proactively governing your business entity in accordance with the law.
