If your company is sued, and insurance coverage is involved, settling both the claim against you (the underlying claim) and your insurance claim can get complicated. If you are not careful, a settlement of the underlying claim can adversely affect your insurance coverage, as can settling with fewer than all insurers where more than one policy provides coverage for a claim. Here are some common settlement scenarios and practical tips to help policyholders make smart settlements to maximize existing insurance coverage.
Settling the Underlying Claim Before Notifying the Insurance Company
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