Legal expenses cover — can you choose your adviser?
Businesses facing a regulatory investigation need access to specialist lawyers right away. In a crisis, the regulators will begin investigating at once so immediate legal assistance is vital to protect the interests of a business and its senior management team.
Most businesses have employer’s liability (EL) and public liability (PL) insurance and many nowadays also have directors’ and officers’ insurance (D&O) to provide cover when there is a problem.
Historically, insurers have often insisted on using a predetermined panel of lawyers to deal with any claims. Panel lawyers usually have an agreement with the insurance company to provide legal representation for insured businesses at an agreed and often reduced fee in return for the volume of work they can expect to receive as a result. This can cause an obvious conflict when the insured business wishes to use its own lawyers and the insurer insists that they use one from the ‘panel’…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Gateley
News from The Lawyer
Briefings from Gateley
Defendants to fraud-type claims by a company cannot rely on their own wrongdoing to escape liability for fraud.
The words ‘in the public interest’ are in the whistleblowing law, but it is open for workers to claim that a disclosure about a breach of their own contract is in the public interest.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.