Insurance is at once many things to many people and businesses.
For starters, it is what individuals and entities that are engaging in risk analysis and response quite rightly refer to sometimes as “a necessary evil.”
Actually, that “evil” tag might be a bit uncivil. When insurance is needed and works the way it is supposed to, it is in fact a most valuable asset and something that is thankfully in force. And it is certainly a sign that adverse outcomes — and, most importantly, catastrophic events — have been avoided when it is not needed.
The problem with insurance is that, even when it is secured through the due execution of a policy, disputes can still occur when a claim is brought.
No reasonable person argues that such is never the case. In fact, insurance-related disputes are a commonplace in business matters in Arizona and across the country.
When they occur, the close and timely assistance of a proven business and commercial law attorney can be essential for resolving them.
And the reasons for that are myriad.
For starters, insurance law and related matters — ranging from policy language and coverage to multiple other issues — are complex. “Read and understand the fine print” is an admonition that is central to insurance contracts, with even seasoned business professionals needing to tread carefully and methodically in their evaluation and negotiation of an insurance policy prior to executing it.
The issues that can surface regarding insurance policies and coverage encompass many questions. What does the contract language say? Is it explicit or ambiguous? How might a court rule? Are there stated exceptions? Is there a rider that is centrally in play? Are there multiple parties that might be pursued for liability? Is a claim being unfairly limited or even being denied in what is arguably bad faith?
The parties and business entities needing help on insurance matters can be many. Private individuals with damage claims often have legitimate questions and grievances. Business enterprises often need guidance, both as a precautionary matter and following a loss. And insurers, too, obviously need outside counsel in many instances.
Standing ready to offer needed input and, when necessary, diligent legal advocacy is the role of a proven law firm that routinely represents clients having insurance-related concerns.
An experienced insurance dispute attorney can provide further information.
Call Cook & Price, PLC today at 480-407-4440 or email us through this website.