claims Archives

Apr 22, 2020

You May Have Insurance Coverage for COVID-19 Related Losses

The actual policy terms are what matter This is another of our series of articles where we present a short action item related to COVID-19 topics. Many companies have insurance coverage beyond the standard commercial liability, automobile, errors & omissions, and directors and officers coverage. Examples of this additional coverage are Business Interruption insurance, environmental insurance and for some companies engaged in the business of national and international conferences, event cancellation insurance. Each of these could potentially be a source of insurance coverage in the COVID-19 scenario. In this short “FYI” article, we will focus on Business Interruption and to… Read more

Nov 6, 2017

A Primer on Keeping and Maintaining a Good Daily Diary

Construction Projects: Keeping a Daily Diary

Every owner, contractor, subcontractor, engineer, superintendent, and foreman on a construction project should keep and maintain a daily diary that records their personal observations and conversations relating to the project. The key to preparing a good daily diary is to recognize and contemporaneously record those items that may be significant in the future. Rarely will this be accomplished by filling out a form at the end of the day because events get fuzzy and forgotten the longer one waits to make a record, especially at the end of the day. The better approach is to identify those types of items… Read more

Dec 2, 2008

Insurance: Prompt Notice of Claims

We have frequently reminded clients of the importance of promptly notifying their insurers of any actual, threatened or possible claims against them. This has been especially important in New York because the New York Court of Appeals has held that an insurer may deny coverage due to late notification, regardless of whether the delay actually prejudiced the insurer. During its 231st session, the New York State Legislature attempted to overrule this case law through legislation. Under an amendment to Section 3420 of the New York Insurance Law, an insurer may now no longer deny a claim for untimely notice unless… Read more