It is a fact of life that litigation is a routine part of today’s business environment. Anyone who has been involved in a lawsuit knows that litigation can be frustrating and disruptive. For many organizations, a lawsuit involving their directors, officers and/or employees will present their first significant interaction with their Management Liability insurance company outside of the insurance placement process.
Some organizations are surprised and disappointed when they experience tension or difficulties in their dealings with their insurers. However, well-advised organizations can, with advance planning and appropriate actions, avoid common claims pitfalls and increase the likelihood that the claims process will unfold without disputes or disagreements.