As time progresses, young lawyers keep trying new options. Since the area of practice is vast, and there is a lot of scopes, they keep trying something new which will give them a better prospect in the profession. One of the important sections of the industry is insurance defense, and as more and more people keep insuring their life and other assets, cases of confusions keep increasing. The more the number of disputes, more you need some expert help to get a solution.
However, Daniel DeKoter believes that there are some common mistakes that the young lawyers make while practicing. It not only leads to hassling their clients but also brings their reputation at stake. People abide by their expert service to get out of the dispute they have been, but if the entire situation worsens, then there’s no point making these extra expenses. Even it is ethical for the lawyers to deliver the best service and give suggestions that will make things better for their clients.
So here are some common mistakes that each and every attorney must avoid while guiding their clients in insurance defense.
- At times, Daniel DeKoter finds that the young lawyers don’t have enough analysis report on which of the state’s insurance defense laws supports the dispute that the client is in. Since the choice of law determination is a nuanced process, it requires years of experience and detailed study of the State’s laws rigorously. It has been seen that some of the states have got strict ‘eight corners’ rules, which only goes on to state that the court is obliged to compare the language of insurance policy to the underlying claim against the policy holder.
- One thing that all the young lawyers who represent the insurance companies in these coverage disputes along with other carriers must keep in mind is, in due course of time, they might want to find a business with the rival carriers as well. So make sure, while fighting your battle out in the court, one must not burn the bridges with the opposing counsel under any circumstances. The tag of ‘being very difficult to work with’ will only make things worse for you, and instead of having a grip on the market, you start losing it making the future immensely voluptuous.
- When you are dealing with law and insurance policies regarding it, there is no scope for an assumption. The verbatim used in describing the policies are intentionally made complicated so that the hidden clauses go missed and people fall trap to it. So while you’re analyzing the policy, make sure you don’t make any assumption on your own. If required, speak to the writer who has scripted down the policy, and makes sure your knowledge about the policy is accurate.
Defending the insurance policies is never a cake walk, but once understood appropriately can actually give your professional career a new dimension. Know well, to make sure you avoid the mistakes occurred generally.