Insurance Risk Transfer-Insurance Tracking

Why is Insurance Tracking important? Whenever your business engages with third-parties, such as tenants, drivers, subcontractors, or vendors, there is a risk that claims may be improperly directed to your insurance policy instead of being covered by the responsible third party.

For example, consider a real estate owner leasing space to commercial tenants. If the owner or property manager fails to verify the tenant’s insurance coverage, they could be exposed to claims involving fire, water damage, or personal injury lawsuits, claims that should have been the tenant’s responsibility.

This type of risk exists in any business relationship involving third-parties. Proper insurance verification is essential to ensuring that liability remains where it belongs and that your organization is protected from unnecessary exposure.

Verification of insurance requirements along with verification of your third-party insurance policy coverage will better protect you from claims and financial losses. 

When an insurance company acts in bad faith, they are violating their legal obligation to act in their policyholders' best interests. Our attorneys can help you hold them accountable and recover the compensation you deserve.

If you are having a dispute with your insurance company over coverage, you need an experienced attorney on your side. We can help you navigate the complex landscape of insurance law and fight for your rights.