Insurance Claims.
At SandRun Risk one way we help companies manage their risks is by managing their insurance claims. We are experienced insurance coverage lawyers and risk management advisors who, for the last combined 60+ years, have not only guided companies on what insurance policies to purchase and what policy language to include in their policies, but managed their insurance claims from beginning to end without the need for litigation.
Tendering and managing a claim can be a difficult and intimidating process. If a company’s liability arises from the operations of a predecessor company, several different insurance programs and numerous insurers could be affected by the claim. We understand and appreciate that regardless of the type of coverage or claim, a policyholder’s prima facie case for coverage contains four elements: proving the existence and terms of an insurance policy; establishing that the loss is covered under the policy, including establishing all relevant conditions of coverage; proving that the insurance policy has been breached; and establishing the amount of loss or damage. We have extensive experience resolving various types of insurance claims including:
· Property
· Crime
· Directors and Officers liability
· Toxic tort (silica, benzene, and other chemical claims)
· Asbestos
· Environmental
· Employment practices
· Workers Compensation
· Product liability
· Auto liability
· Other “short-tail” and “long tail” liabilities.
We evaluate the claims, review the insurance policies and applicable law, assemble and organize the claims data and present the claims to the insurance carriers. We have handled numerous submissions of claims to every major insurance carrier, as well as to solvent and insolvent schemes of arrangement in the London market. To date, we have recovered over $400 million from insurance carriers on behalf of our clients. The scope of the settlements have ranged from coverage in place agreements to policy buy-backs. We collaborate with in-house counsel, risk managers and their brokers so that when claims arise, especially claims that could have a serious impact on corporate objectives, a team approach to managing the claims is in place. We develop strategic and creative solutions to help companies to maximize recoveries and achieve the corporation’s objectives. Our extensive risk management experience ensures that key policy terms and conditions are negotiated into the policies, helping our clients avoid pitfalls when a claim arises and maximizing their insurance coverage.
Tendering and managing a claim can be a difficult and intimidating process. If a company’s liability arises from the operations of a predecessor company, several different insurance programs and numerous insurers could be affected by the claim. We understand and appreciate that regardless of the type of coverage or claim, a policyholder’s prima facie case for coverage contains four elements: proving the existence and terms of an insurance policy; establishing that the loss is covered under the policy, including establishing all relevant conditions of coverage; proving that the insurance policy has been breached; and establishing the amount of loss or damage. We have extensive experience resolving various types of insurance claims including:
· Property
· Crime
· Directors and Officers liability
· Toxic tort (silica, benzene, and other chemical claims)
· Asbestos
· Environmental
· Employment practices
· Workers Compensation
· Product liability
· Auto liability
· Other “short-tail” and “long tail” liabilities.
We evaluate the claims, review the insurance policies and applicable law, assemble and organize the claims data and present the claims to the insurance carriers. We have handled numerous submissions of claims to every major insurance carrier, as well as to solvent and insolvent schemes of arrangement in the London market. To date, we have recovered over $400 million from insurance carriers on behalf of our clients. The scope of the settlements have ranged from coverage in place agreements to policy buy-backs. We collaborate with in-house counsel, risk managers and their brokers so that when claims arise, especially claims that could have a serious impact on corporate objectives, a team approach to managing the claims is in place. We develop strategic and creative solutions to help companies to maximize recoveries and achieve the corporation’s objectives. Our extensive risk management experience ensures that key policy terms and conditions are negotiated into the policies, helping our clients avoid pitfalls when a claim arises and maximizing their insurance coverage.