In recent years, concern has grown regarding coverage of defense costs. This article discusses the practical steps that policyholders can take to prepare their defense cost data for inevitable coverage disputes. This practical approach will help policyholders and insurers resolve defense cost disputes. Precise defense cost data enable the parties to conduct well-informed, principled negotiations and enhance their decision-making capabilities.
To prepare for dispute resolution and negotiation with insurers, policyholders should evaluate their legal matters early for potential insurance coverage disputes, get granular with their defense cost data, and prepare the data for easy analysis in the future.