Insurance,
Civil Litigation
May 9, 2018
Don’t get ‘wipsawed’ by your liability insurer
Under a claims-made-and-reported policy, the consequences of a delay in reporting can be disastrous, namely a complete loss of coverage.
INSURANCE INSIGHTS
Under a claims-made-and-reported policy, the consequences of a delay in reporting can be disastrous, namely a complete loss of coverage. This article focuses on one of the most common scenarios where late notice occurs, and describes several protocols that policyholders can put in place to ensure that claims are timely reported.
The "Whipsaw" Scenario<...
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