Errors and Omissions
Another of the "claims made and reported" insurance policies which must be carried by doctors, lawyers, accountants, brokers and a multitude of other professionals in order to conduct business is E & O coverage. Nossaman's Insurance Coverage lawyers can help even the most sophisticated broker negotiate endorsements broadening coverages and review existing forms for "poison pill" limitations or exclusions at renewal time, in order to identify and delete the worst offenders. We can help avoid unduly short notice periods, under insurance, and arbitration clauses likely to strip these expensive policies of substantial value.
When a potential claim arises, Nossaman's Insurance Coverage lawyers can assist in drafting stand-still agreements coupled with appropriate notices to the insurers to lock in available coverage. Thus when anticipated claims do materialize there will be a smoother transition to coverage. Our coverage lawyers guide our clients through the claims process from notice to settlement. With our assistance, we can even negotiate a resolution known as "claims repair"--settlement and payment of claims even before they ripen into full blown lawsuits. Such resolutions are cost effective for all concerned and ease the burden of a poor loss history upon renewal.
Our clients can count on our insurance coverage expertise to ensure the most cost effective yet comprehensive coverage is in place and when needed, will be used to protect our client's all important assets.