THE ROLE OF THE LAWYERS IN SPORTS INSURANCE POLICIES PART 9 - PICKNSTAKE.COM

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Monday, 19 November 2018

THE ROLE OF THE LAWYERS IN SPORTS INSURANCE POLICIES PART 9

 Authored by: Joshua Charalambous, Steven Aitken

Top Tips

Undertake periodic reviews of potential risks and ensure that the insurance policies you have in place, cover what you need them to cover.
Whenever a circumstance arises that could give rise to a claim against you, speak to the broker and see if you have taken out insurance that covers you.



 If the answer is yes, discuss with the broker whether you need to notify the circumstance to insurers (usually via the broker).
It is important to note that you may need insurers' consent to incur any costs that you would want to be reimbursed. Policies are different so it is best to check the wording.



You may also need insurers' consent before you deal with any claim or allegations (even if you are denying liability).
If in doubt, always seek advice from the broker and/or insurance lawyers.
 

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