Insurance Coverage Counseling
Long-tail liabilities covered by historic insurance assets
Historical insurance assets play an important role in property transactions, mergers and acquisitions, and long tail liability exposures, such as environmental, asbestos, and product liability claims. The firm assists clients in taking proactive steps towards identifying and understanding their historical insurance programs in order to protect against these long tail liabilities.
Remediation cost cap insurance policies
The firm works with clients to procure new insurance, such as environmental cost-cap policies and risk transfers.
Policy buy backs and site releases
Paladin Law Group assists clients in negotiating with insurance companies agreements that permit the insurer to “buy back” its policy in exchange for a financial commitment of a sum certain. These agreements can also be negotiated to release the insurer’s obligation to one particular site or to a particular part of coverage (e.g., release property damage but not bodily injury).
Corporate transactions
Paladin Law Group counsels companies on insurance coverage issues associated with potential liabilities of companies involved in corporate mergers and acquisitions. For example, as part of the due diligence process, we analyze the company’s historical insurance program to determine whether potential liabilities may be covered.
