More On

Litigation: Will your insurance be there when you need it?

For the unwary, insurance policies can contain hidden traps

When a lawsuit hits a company or its directors and officers, the most common question on in-house counsel's lips is, “Do we have the right amount of insurance?” Companies often obtain the “right” amount of insurance coverage based on potential exposure to particular types of claims, with the goal of balancing the total amount of insurance (both primary and excess) against the cost of coverage.  However, the amount of coverage, while important, is not and should not be the predominant question. If a company’s insurance coverage is not structured correctly, the level of coverage may prove to be irrelevant when addressing a live claim. Recent cases bear this out.


Contributing Author

author image

Steven P. Blonder

Steven P. Blonder is a principal in the Litigation and Dispute Resolution practice group at Chicago-based Much Shelist. His practice is primarily focused in the...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.