A Fork in the Road: Michael Gelfound Provides “Best Practices” for when Insurers Face Two Options Once an Insured Tenders Suit
An insurer is faced with two options when its insured tenders a suit and coverage is doubtful. One, it could deny coverage but risk a bad faith suit in retaliation. Or two, the insurer could defend under a reservation of rights and seek reimbursement in another action. Both come with financial risk and costly litigation, therefore, taking time upfront to proactively investigate and adequately assess the suit plays a key role in the decision the insurer makes.
Michael provides a real-life case study that illustrates which direction the insurer should have taken when it came to the proverbial fork in the road. A copy of the full article can be downloaded below. Please feel free to contact Michael at firstname.lastname@example.org with any questions or to discuss best practices when it comes to determining coverage vs non-coverage and what to consider to avoid defending a bad faith suit or having to seek reimbursement of legal defense fees down the road.