Six Reasons to Hire Personal Counsel

more+
less-

Many small to medium-sized business purchase commercial general liability insurance or some other type of business insurance to protect the business against claims or lawsuits. In exchange for premium payments by the business, an insurance company provides coverage by: (a) hiring and paying for attorneys to represent the business in a lawsuit; and (b) paying any settlement or verdict against the business during a lawsuit. Generally, the relationship between the business, the insurance company and attorneys hired by the insurance company are not problematic. There are times when an attorney hired by the insurance company has a conflict of interest or a potential conflict of interest. Even though insurance hired attorneys only responsibility is to the business, there is an inherent tension because the attorneys want to receive repeat business from the insurance company. Because of this tension the insurance company paid attorney cannot address whether a claim should be covered by an insurance policy. This tension increases in cases where a Plaintiff claims his damages are more than the amount of money payable under the policy or, in some jurisdictions, where the Plaintiff claims he should get punitive or exemplary damages from the business.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Christina Dixon, The Dixon Law Firm | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

CONNECT

Christina Dixon
The Dixon Law Firm

Christina L. Dixon is managing attorney at Dixon Law Firm. Ms. Dixon continues to defend insurers... View Profile »


Follow The Dixon Law Firm:

Reporters on Deadline

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×