4 Tips For Coverage Counsel To Avoid Malpractice Claims
Law360, Los Angeles (November 12, 2015, 3:37 PM EST) -- If an insurance company refuses to defend claims against its policyholder based on the advice of coverage counsel and is later hit with a major bad-faith judgment, it may lay the blame at its lawyers' feet. Here, experts lay out tips on how coverage lawyers serving insurers can cover their bases to avert malpractice litigation down the road.
Know the Standards
In addition to complying with the basic standards of practice applicable to all attorneys, coverage lawyers must be fully versed in the insurance industry's customs and practices, as well as regulations and laws applicable to insurers, according to attorneys....
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