One or More? The Number of Occurrences Under a CGL Policy November 19, 2019 Alan M. Ruley Insurance Recovery The Policy and Why This Matters
Self-Insured Retention v. Deductible: What is the Difference, and Why It Can Matter November 13, 2019 Alan M. Ruley Insurance Recovery Virtually all insurance policies contain either a “deductible” or a “self-insured retention.” Courts often use those terms interchangeably, but they are different, and the difference can be important.
Choice of Law in Insurance Coverage Disputes October 3, 2019 Alan M. Ruley Insurance Recovery Choice of law is often an important issue in insurance coverage disputes. Both policy holders and insurers will argue for application of the law of a State that they deem most favorable to their position. Judge Gale of the North Carolina Business Court recently had an opportunity to consider that issue in American Realty Advisors, et al. v. Lexington Insurance Company, et al., No. 18CVS5171, Wake County. The Plaintiff in American Realty Advisors owned property in Cary, North Carolina. Four insurers, including Lexington, provided coverage for the property.
Hurricane Florence Damaged Homes and Businesses: Things To Know About Filing Your Insurance Claims September 18, 2018 Alan M. Ruley Allison Buckner Parker Insurance Recovery Hurricane Florence has already been catastrophic for many communities in North Carolina, impacting both homeowners and businesses. Many folks are now wondering “what’s next”? Fortunately, the internet and smartphones will make it easier for homeowners and business owners alike to find guidance on how to:
What You Need to Know about CGL Policies December 7, 2016 Alan M. Ruley Insurance Recovery Commercial General Liability insurance—“CGL”—is an important asset for most businesses. It covers things like bodily injury, property damage, and advertising injury to others for which the insured—the policyholder—may be held liable. But for most policyholders, the CGL policy is a poorly understood mystery. You assume that you are completely covered, but in fact there are any number of exclusions, conditions and definitions in the standard CGL policy that may defeat or impair coverage.
Cooperating with your Insurance Company After Filing a Claim December 1, 2016 Alan M. Ruley Insurance Recovery You've notified your insurer of a claim on behalf of your company. Now what? You have a duty to cooperate with your insurance company after providing it with notice of a claim or potential claim. In fact, the duty to cooperate is usually expressly set forth in the “Conditions” section of Company General Liability ("CGL") policies. For example, most CGL policies require the insured to:
The Four Steps You Need to Take When Disaster Strikes at your Business November 1, 2016 Alan M. Ruley Insurance Recovery Whether you are a business owner whose building burns down, the victim of employee theft, sued by a former client for bad advice, or sued by the employee of another company who was injured on your premises, disaster has struck and the sometimes overwhelming process of navigating the insurance world has begun. We've outlined below the first four steps to get your insurance situation under control:
Identifying Applicable Policies for Insurance Recovery October 1, 2016 Alan M. Ruley Insurance Recovery If you've been hit with an unexpected disaster at your company, your first step toward insurance recovery should be to identify and compile all potentially applicable insurance policies. This includes not only your own policies, but also the policies of others that may provide coverage for you, for example as an “additional insured.” This will in turn depend on what type of claim you have. Broadly speaking, there are two types of insurance claims: first party and third party.
Insurance for Data Security Breaches: What Businesses Need to Know May 25, 2016 Alan M. Ruley Allison Buckner Parker Insurance Recovery With the explosion in electronically stored information has come a similar explosion in laws and regulations which may impose liability on businesses for data breaches. Traditional insurance policies are unlikely to provide coverage, and the newer “cyber coverage” policies come in a wide and confusing array of variations. This post provides the basic questions businesses should ask to focus their search along with a list of factors to consider in evaluating these "cyber coverage" policies.
Insurance for Businesses: What Coverage do you Need? February 11, 2016 Alan M. Ruley Insurance Recovery If you have a business – small, medium or large – you need insurance to protect your business from the risks that it is most likely to encounter. However, the different types of policies and coverage available can be very confusing. This post provides an overview of what is available and what to keep in mind.
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