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In this section we detail several guidelines which will make it easier in the event a claim is filed against you, or in an event of a circumstance which may lead to a claim. Naturally, the following are subject to a specific policy's terms and conditions and applicable law. We are at your service for any query or clarification.
Read our Claims examples here.
When to notify a potential claim
The cases detailed below are the ones that require you to notify insurers. Such notification should be made us:
As soon as you become aware of any of the above, please advise us and send us a detailed written notice. A late notice may be considered by an insurer as a breach of the policy's conditions and may jeopardize your rights and requested coverage.
Timely and detailed cooperation with insurers is necessary in order to expedite a response regarding any approval of legal costs, if provided by your policy.
A detailed notice should be forwarded in writing to us. In the notice, please be sure to mention all the relevant details:
Please give the name of the contact person in your company along with their full contact details, direct, cellular, and fax number and email address. We recommend a senior officer (CEO, CFO, Legal Counsel, Managing Partner, etc.).
You are invited to consult with us as per your legal representation, in Israel and abroad.
What is the process after you have notified us?
After receiving the notifications we will forward it to insurers.
Insurers will go over all the details, and then will decide any further steps to evaluate their liability under the policy. They may choose one of several options. The most common ones are:
In any case, it is most recommended to keep us updated as per any development. This will allow us to speed up insurers' response time in case of a possible compromise.
For your attention
In all cases your policy's instructions are obligatory and are legally binding.
In no case should the insured admit liability or reach a settlement with the claimant or with anyone other party on their behalf, without receiving in advance an approval in writing from insurers or from Monitoring Counsel.
Any agreement made with the defense lawyer in respect of their fees should be approved by insurers in writing and in advance.
All of the above is subject to your policy’s terms and conditions and applicable law. We are at your service for any query or clarification.
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