Despite the widespread use of Bermuda Form insurance policies, many policyholders are unfamiliar with both the claims process and the mandatory arbitration in London or Bermuda if the claim is not accepted.  In this new guide we cover key issues relating to Bermuda Forms, explaining how they are designed and what policyholders should expect in the claims process, including arbitration.
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Major companies with a presence in the United States or with exposure to high-dollar third-party (liability or tort) claims or first-party (property) claims frequently purchase insurance on what is known as the “Bermuda Form.”  Bermuda Form liability policies combine high self-insured retentions and high limits, as well as the ability to batch related claims (typically from the same product or event) into one “Integrated Occurrence.”

Despite their ubiquity in the market, most policyholders have not made a claim under a Bermuda Form policy, and are unfamiliar with both the claims process and the mandatory arbitration dispute resolution mechanism if the claim is not accepted.

This new publication provides an in-depth guide to Bermuda Forms, including looking at common issues in constructing a Bermuda Form insurance program and offering tips on securing and preserving coverage under Bermuda Forms and other insurance policies with mandatory arbitration clauses.

To view the guide, please download the PDF below.