5-Hour Program

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Overview

Law practitioners endeavoring to succeed as full-service providers for commercial clients must have a sophisticated understanding of insurance coverage.  Similarly, those on the business side of insurance must remain aware of clients’ expectations in purchasing and maintaining seemingly pricey insurance products.  This fact was never clearer than in 2020 when companies faced devastating business losses due to the pandemic while incorrectly presuming that their commercial insurance policies would provide some relief.  Then, as clients revisited warranties and indemnification obligations in asset sale agreements, goods and services contracts, and for other major deals, legal and claims counsel across various practice areas expended unprecedented hours advocating disparate interpretations of complex insurance provisions ultimately turning to expensive and unpredictable—yet unavoidable—ADR or litigation.  

This new program will guide professionals across the practice spectrum toward more strategic uses of commercial insurance tools.  Further, you will gain critical insight into recent changes in how the industry and the courts have come to view corporate transaction provisions including challenges to risk allocation language.  Participants will also be treated to two sessions on the unique topics of bad faith denial disputes and high-stakes insurance defense litigation. 

What You Will Learn

  • Sharpen your understanding of coverage needs for commercial clients
  • Review key insurance products for today’s market
  • Advise clients on proactively addressing business loss
  • How conduct or occurrences might be excluded from coverage without explicit language in the policy
  • Avoid unexpected outcomes from risk allocation provisions
  • Identify weaknesses in clients’ insurance coverage
  • When coverage denials turn into “bad faith” claims
  • Managing the paper trail from reservation of rights letters to final decisions
  • Insurance defense- how it works
 

Program Level:  Intermediate  

Prerequisites:  Familiarity with corporate transactions and basic insurance coverage concepts

Intended Audience: Corporate transaction attorneys, in-house counsel responsible for insurance policy reviews, commercial litigators, and claims counsel

Advanced Preparation:  None

Industries

Credit Details

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