Commercial General Liability Insurance in Illinois
Businessowners typically hold general liability insurance that protects their companies and themselves from any injuries or damages that might occur on their commercial property. These policies are designed to protect both the business and the businessowner from legal action by compensating any party injured on the premises.
Businessowners depend on these policies paying out should they face a lawsuit. When an insurance company unreasonably delays payments or fails to pay at all, the business could face financial ruin if the injured party is awarded a substantial settlement that you alone cannot pay.
Our Chicago first-party property insurance claims attorney can help your business navigate disputes involving your commercial general liability insurance. We can ensure your policy will adequately protect your company in the event of an employee injury and work to recover the proceeds you are owed if your insurance company refuses to honor their obligations. We can also assist in situations where an insurance company refuses to defend its policyholder as part of related litigation.
If you are an individual that was injured on commercial property and the businessowner does not have the means to repay you, you may be able to pursue legal action against the company that is insuring the business. We can assess whether you may be entitled to recover damages.
Directors and Officers General Liability Insurance in Illinois
Senior directors and officers of companies of all sizes – public and private, large and small, for-profit and nonprofit – now regularly carry general liability insurance to protect themselves from legal action. Any action from leadership is heavily scrutinized by other company leaders, stockholders, and regulators, and even routine transactions like terminating an underperforming employee can result in litigation.
Even frivolous litigation involving directors and officers can result in substantial monetary settlements. General liability insurance policies are meant to cover these costs and financially protect executive policyholders, but sometimes an insurance company will unreasonably refuse to pay losses in certain scenarios. We can evaluate your unique situation and determine what options you have in recovering the insurance proceeds you are owed.
Errors and Omissions Liability Insurance in Illinois
Accountants, attorneys, doctors, and other professionals rely on errors and omissions liability insurance to protect them when a client is injured. Insurance companies will sometimes refuse to pay losses incurred by a client, leaving policyholders in an unfair and financially vulnerable position.
If you are a professional facing a claim from an injured client, you will need to act quickly and decisively. Our legal team can work with you to ensure your notice is promptly given and is in compliance with all terms of your errors and omissions liability policy. We can help advocate for you in any disputes that may arise between you and your insurance company.
Excess Verdict Cases in Illinois
When your insurance company meets with an injured party on your behalf, they may refuse to take a fair and reasonable settlement offer that is within the parameters of your policy. Some insurance companies will do this because they want to avoid paying any amount and all. Instead, they gamble with your personal liability by taking the case to trial, where they risk being hit with a settlement that is greater than what your policy allows. You can be unfairly left on the hook for paying this difference.
You generally have the right to pursue legal action against an insurance company that is acting in bad faith by refusing a reasonable settlement and thereby exposing you to personal liability. Our team can determine if you have a case and help you explore your legal options.