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Allegations of bad faith and extra-contractual liability can put your business’s reputation, finances, and future at risk. At Lochmiller Bond, we provide strategic, experienced defense for insurers facing these high-stakes claims. Our team understands the importance of protecting your company’s integrity while minimizing exposure to unnecessary liabilities. We work diligently to safeguard insurers from claims that allege bad faith, and our practical, results-driven approach helps shield clients from significant financial impact.
Defending against bad faith claims requires in-depth knowledge of both Kentucky insurance law and administrative regulations. Our attorneys bring decades of experience to the table to protect insurers from unfounded allegations. We understand that even one bad faith claim can impact an insurer’s reputation and relationships, and we handle each case with the precision and commitment it deserves.
Extra-contractual liability cases, where claims are made beyond the terms of a policy, can pose significant financial risks. At Lochmiller Bond, we are experienced in defending insurers against attempts to push liability beyond policy limits - we make sure that the obligations of the contract are accurately represented. Our team has successfully defended clients against extra-contractual claims in cases involving complex policy interpretations, contractual disputes, and regulatory challenges.
Without skilled defense in cases of bad faith and extra-contractual liability, insurers can face significant financial and reputational risks. Here’s what can happen if these claims go unchallenged or are improperly defended:
Excessive Payouts Beyond Policy Limits: Extra-contractual claims can push liability beyond the coverage your policy was designed to provide. Without experienced counsel, insurers may end up paying out settlements that far exceed what was agreed upon, jeopardizing your financial stability.
Damaged Reputation and Loss of Trust: Bad faith allegations, even when unfounded, can tarnish an insurer’s reputation and undermine trust with policyholders and partners. Left unaddressed, these claims can have long-lasting impacts on business relationships and brand perception.
Increased Risk of Future Claims: If bad faith allegations are not effectively challenged, it sets a precedent that can invite more claims. This could lead to a pattern of lawsuits and increased scrutiny, affecting your company’s ability to operate efficiently and profitably.
Regulatory Scrutiny and Legal Exposure: A poor defense against bad faith claims can lead to heightened regulatory scrutiny and may open doors to further legal actions. Insurers risk facing penalties or additional investigations, compounding both financial and operational risks.
Our attorneys bring decades of focused experience in Kentucky insurance law, offering insurers a practical, strategic defense in high-stakes bad faith and extra-contractual cases. We work closely with our clients to protect their interests, reduce exposure, and resolve cases efficiently.
When facing bad faith or extra-contractual allegations, you need a defense team that will protect your reputation and resources. Contact Lochmiller Bond today to learn how our experienced attorneys can safeguard your company against these serious claims.
If you are an insurance company seeking experienced defense counsel or an attorney looking for a dynamic and growing firm, Lochmiller Bond is here for you. Reach out today to learn how we can help protect your business or explore opportunities to join our team.
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