Most companies have liability insurance policies that are designed to provide defense and indemnity coverage when the company gets sued for certain types of risks, such as employment practices, property damage, bodily injury, product liability, advertising injury, construction defect and breach of professional duties. However, when a claim is made, it is quite common for the company to find in its hour of need that the insurance company has denied coverage and has refused to pay for the defense of the claim.
When this happens, here are four crucial steps that companies should take to protect their interests.
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