Insurance is an increasingly important and expensive asset for all types of businesses. Companies pay thousands, even millions, of dollars in premium to protect against fortuitous risks of loss to business and property, and to protect against liability to third parties. However, far more often than one might think, when it is time to make a claim, policyholders discover that those expensive policies contain substantial coverage gaps that leave important elements of a claim uncovered.

Reed Smith Insurance Recovery attorneys work with clients and perform “coverage audits” designed to find the most serious gaps in coverage under all forms of insurance policies. Our lawyers work with the client to determine which risks are most important and are most in need of insurance coverage, and then review the potentially applicable policies to make sure that those contracts do, indeed, provide coverage for those risks. If gaps are discovered, Reed Smith attorneys will work with the client and the client’s insurance broker to help secure the coverage and develop appropriate policy wording.

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