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Insurance & Reinsurance: Policyholder Insurance Coverage
Our Insurance & Reinsurance Group has an excellent record of successfully assisting insured and reinsured policyholders in maximising their insurance coverage for a wide variety of claims. Policyholders in our client industry groups turn to us to help evaluate the role of their insurance policies in their overall risk management, to help negotiate improvements to their wordings and to address loss or liability issues. Most coverage issues arise out of differences of opinion between the insurer and the insured over the interpretation of the insurance policy. An insurance policy is a legal contract and benefits from early legal input. To help minimise the prospect of dispute, our Insurance and Reinsurance Group can assist in drafting your policy wording, tailoring it to your business needs. We have significant expertise in advisory work designed to optimise our clients' positions and hopefully to avoid disputes altogether. A well managed claim at the outset increases the prospects of achieving an early resolution. Our emphasis is on settlement of coverage disputes when possible without recourse to litigation. We can share our wealth of experience by offering practical advice and training to your business. We draw expertise from our Dispute Resolution Group and our other relevant work groups, coupling legal skill with a detailed understanding of the insurance market. Inevitably disputes can and do arise. We start by working out your commercial objectives and then looking for the simplest and most cost effective way to help achieve those objectives. Our intention is not to make new law for the sake of it but we do have the competence and confidence to take a matter to trial should it be necessary to do so. We are experienced in all forms of dispute resolution, including complex international litigation and arbitration. We have litigated extensively in Court. We pride ourselves on our success rate and upon achieving coverage victories, whether in the UK courts or in domestic and international arbitrations. The insurance and reinsurance areas on which we can assist and advise include professional indemnity and errors and omissions, financial lines, EL, PL, product recall and liability, property damage and business interruption, directors and officers, catastrophic natural disasters, fire, flood, theft and other business claims, contractors all risks and third party claims for uninsured losses. Our work in developing appropriate responses to the liabilities and losses facing our clients has seen us frequently encounter and effectively deal with issues such as breach of warranty or general condition, conditions precedent, aggregation of claims, notification problems, assessment of damages, forum, jurisdiction and choice of law, subrogation, contribution and indemnity. Related services: Commercial Dispute Resolution Insurance & Reinsurance |