Risk Management and Insurance Advisory Services

Stevens & Lee provides insurance due diligence as part of our corporate transactional practice, assisting policyholders who are acquirers, targets or investors. Our lawyers understand that insurance is a corporate asset and deserves as much attention and review as any other company asset in connection with complex financial transactions, including mergers, acquisitions and investments. We have extensive experience reviewing insurance programs, assessing continuing  coverage issues, claims and policy impairment issues, the need for tail coverage and utilization and negotiation of representations and warranty insurance. 

To help clients manage risk and avoid potential disputes, we frequently provide advice regarding insurance coverage on both liability and first-party policies. Our lawyers serve as intermediaries between clients and their insurance brokers and other advisors to assess enterprise risk and ensure clients have adequate coverage. We review coverages with a keen eye toward protecting clients from risk, and we work on behalf of our clients to ensure favorable terms and recommend appropriate coverage enhancements.

In the event of a claim or other dispute, our team has a wealth of experience representing our clients as insureds. We counsel clients through the initial notice and discussion of claims with their carriers, and work diligently with the insurers to negotiate a favorable outcome. Aiming to avoid costly litigation, our team seeks out opportunities for mediation or alternative dispute resolution.

If the case does result in litigation, our insurance lawyers have extensive experience litigating coverage issues through arbitration, trial and appeal. Our lawyers have provided substantive advice regarding many types of insurance policies and issues, including:

  • First-party property and business interruption
  • Commercial general liability
  • Products liability coverage
  • Environmental claims
  • Asbestos and other long-tail exposure claims
  • Advertising injury
  • Construction defect claims
  • Contractual indemnity claims
  • Additional insured claims
  • Directors’ and officers’ liability
  • Employment practices liability
  • Professional liability claims
  • Fidelity and financial institution bonds
  • Employee dishonesty claims
  • Life, health and disability
  • Bad faith claims
  • London Market coverage
  • Bermuda Form
  • Broker liability
  • Captive insurance issues
  • Insurer insolvency
  • Insured bankruptcy
  • Transactional insurance products (M&A, reps and warranty, etc.)