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Insurance Recovery & Counseling

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Overview

The management and insurance of risk is a critical function of every business. The lawyers in Proskauer’s Insurance Recovery & Counseling Group have extensive experience in every stage of the process, including selecting and negotiating coverages, structuring insurance programs, preparing and negotiating claims and litigating insurance coverage to maximize recovery for our clients.

We are highly skilled in all areas of insurance ranging from general liability and product recall to property damage and business interruption, and from directors and officers and professional liability to employment practices and fiduciary liability. We commonly handle matters concerning bonds, financial guaranty insurance, warranty programs and political risk coverages for transactions around the world, as well as insurance due diligence and analysis for corporate sales and acquisitions.

Our advice extends to every industry. We routinely counsel companies in manufacturing, transportation, real estate, financial services, consumer products, entertainment, sports and retail as well as private equity funds and major law firms and accounting firms. We advise on policy language, program structure and negotiations, use of captives and alternative risk vehicles and claim evaluation.

Where litigation is necessary, we are among the best. We have been involved in some of the largest and most high-profile insurance cases and have obtained billions of dollars of recoveries for our clients. In addition to state and federal courts across the U.S., we handle insurance and reinsurance arbitrations around the world, particularly in major insurance centers like New York, London and Bermuda.

Our lawyers are recognized leaders in the insurance field and have been cited by top legal directories such as US Legal 500 and Chambers USA, which called us “the best of the best when it comes to representing policyholders in disputes” and praised us for our overall strength and the “strategically focused and sophisticated manner” in which we handle insurance matters.

Areas of Focus

  • Policy Negotiation and Analysis
  • Captive Formation
  • Claims Development and Negotiation
  • Litigation, Mediation and Arbitration
  • Advice to Boards of Directors on Insurance Issues and Risk Management

Coverage Experience

  • General Liability
  • Property and Business Interruption
  • Directors and Officers
  • Errors and Omissions
  • Employment Practice Liability
  • Fiduciary Liability
  • Political Risk
  • Environmental Liability
  • Product Recall
  • Bankers Bond
  • Media and E-Risk Liability
  • Marine