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| I Don't Wanna Be Sued What Can I Do? |
| 1. Smart contracting
don't sign your life
away ! |
- Read them and understand the importance of what you are signing
your
business depends on it
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| 2. Document, document and document some more ! |
- There can never be too many photographs and writings in your job
file. An ounce of prevention is worth a pound of cure
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| 3. Work closely with your insurance broker |
- Understand what you are insured for and, more importantly, what insurance
won't cover and govern your practices accordingly
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| I'm Sued! What Do I Do? |
| 1. Notify insurance carriers. |
- All carriers who insured you from the date of your construction subcontract
to the date the lawsuit was filed.
- How?
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- Compile insurance history.
- "Tender" letter(s).
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- Make sure letter has proper "persuasive" language.
- We can do a letter for you to ensure maximum effect.
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| 2. Follow-up with insurance carriers early and
often to make sure they are protecting you. |
- Huge unorganized companies with overworked people - you can fall through
the "cracks".
- Do not let up until they confirm in writing that they have retained
us or another lawyer to defend you - "force their hand".
- Requires SUBSTANTIAL follow-up - be persistent.
- We can do it for you.
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| 3. Once lawyer is retained on your behalf, demand
to meet with him/her immediately. |
- Discuss case and demand to be kept advised of status.
- Demand to discuss any settlement proposals before agreed to.
- Assess if this lawyer is protecting your interests.
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| 4. Monitor case from beginning to end or have
us monitor it for you. |
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- Deductibles
- Effect of settlements/legal fees on your subsequent years of insurance
premiums and insurability.
- Must protect aggregate limits.
- Only so much insurance.
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