NGE OnDemand: The Importance of Timely Reporting Occurrences, Claims and Suits to Insurers with Paul Walker-Bright

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When disaster strikes your business or a lawsuit is filed against you in responding to the crisis, it is easy to overlook the existence of insurance that may reimburse you for the associated expenses and damages. A delay in seeking coverage can have drastic consequences due to the existence of notice and reporting requirements in insurance policies. Failure to comply with these requirements can result in loss of insurance for an otherwise covered claim. As a result, it is important to ask about coverage for a loss, lawsuit, or claim See more +
When disaster strikes your business or a lawsuit is filed against you in responding to the crisis, it is easy to overlook the existence of insurance that may reimburse you for the associated expenses and damages. A delay in seeking coverage can have drastic consequences due to the existence of notice and reporting requirements in insurance policies. Failure to comply with these requirements can result in loss of insurance for an otherwise covered claim. As a result, it is important to ask about coverage for a loss, lawsuit, or claim and give notice to the relevant insurers as soon as practicable.

If you have any questions, please do not hesitate to contact Paul Walker-Bright, pwalkerbright@nge.com, or your Neal Gerber Eisenberg attorney. See less -

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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.

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