What's on Practical Law?
In-house lawyer's guide to assessing a company's insurance coverage and using insurance strategically
by Practical Law In-house
This note explains how an in-house lawyer can assess a company's insurance coverage and be strategic when using insurance coverage. This note discusses the importance of historic and current insurance policies, the distinction between occurrence and claims-based policies, self-insured retentions, the duty of utmost good faith, and how to determine the extent of coverage provided. This note also addresses potential conflicts of interest which may arise between an insured and its insurer and the impact of a reservation of rights letter.
Get full access to this document with a free trial
Try free and see for yourself how Practical Law resources can improve productivity, efficiency and response times.
About Practical Law
This document is from Thomson Reuters Practical Law, the legal know-how that goes beyond primary law and traditional legal research to give lawyers a better starting point. We provide standard documents, checklists, legal updates, how-to guides, and more.
Learn more- Expert Guidance
650+ full-time experienced lawyer editors globally create and maintain timely, reliable and accurate resources across all major practice areas.
- Trust
83% of customers are highly satisfied with Practical Law and would recommend to a colleague.
- Improve Response Time
81% of customers agree that Practical Law saves them time.
End of Document
Resource ID w-024-4382© 2024 Thomson Reuters. All rights reserved.