In Part I of this blog, I discussed issues that real estate and construction companies face when placing and renewing Directors and Officers Coverage. Specifically, I addressed avoiding gaps in coverage, knowledge of insureds, the definition of who is an insured, and notice. In this Part II, I will address arbitration provisions, choosing policy limits,
Christopher Yetka is a commercial trial attorney with an emphasis on insurance recovery disputes. He has successfully enforced the coverage rights of policyholders across the country in cases relating to nearly every type of insurance policy. He has also represented and counseled financial institutions, utilities, medical device companies, construction companies, product manufacturers, transportation agricultural and technology companies.
Directors and Officers Coverage Renewal: Pitfalls to Avoid
What do all construction and real estate companies have in common? They have directors or managers and officers concentrating on running the companies and remaining profitable. Most companies maintain Directors and Officers (D&O) insurance to protect these important stakeholders from liability and lawsuits that can arise from their work. Because there is no standard…
When it Comes to Insurance Claims, it is the Language of the Policy That Controls Whether the Policyholder Will Get Paid – What Could be Unclear About That?
The language of a policyholder’s insurance policy determines whether all those premiums will translate into dollars paid after a loss. For the most part, it is the insurance company that controls that language. Therefore, it is very important that policyholders pay attention to that language at the time they buy insurance to be sure that…
Exactly Who is Insured Under Your Insurance Policy?
The insurance application process is often the only time a policyholder thinks of who should be covered under a policy. Most policies have a “named insured” and other “insureds” specifically listed. “Additional insureds” can also be added by endorsement or operation of specific language in the policy. A recent case demonstrates the importance of considering…