Insurance Recovery

For many, if not most, policyholders, reading an insurance policy is like navigating a sophisticated labyrinth and is a daunting task. It is, therefore, not uncommon for even the most sophisticated policyholder to rely on its insurer to provide accurate advice as to the available coverage for a claim. Unfortunately, it is also not uncommon for an insurer to send a denial letter that appears to support the insurer’s coverage position but fails to provide the policyholder with the complete coverage landscape. Other times, an insurer will not deny coverage but will instead seek to limit its coverage obligations based upon policy provisions or statutes that may not justify its position.

The lawyers at Franklin | Soto LLP have the knowledge and experience to recognize when an insurer is not providing its insured with the complete picture. And we are committed to holding insurance companies accountable when they wrongfully deny coverage or act unreasonably in handling a claim. If after analyzing an insurer’s coverage position we conclude it is not paying full policy benefits, we will devise and execute a strategy for navigating the insurer’s denial and vindicating our client’s insurance rights in an efficient and cost-effective manner. That strategy may include writing a challenge letter to the insurer or commencing insurance coverage/bad faith litigation.

We handle insurance coverage/bad faith matters and obtain recoveries for clients under a variety of policies, including cyber, directors & officers (“D&O”), commercial general liability (“CGL”), errors & omissions/professional liability (“E&O”), employment practices liability (“EPL”), garage, excess/umbrella, and title insurance policies, among others. We routinely represent healthcare professionals, real estate professionals, contractors, attorneys, and businesses of all types seeking coverage for the defense of intellectual property and business tort claims. We also represent policyholders in declaratory judgment actions brought by an insurer seeking to establish its coverage obligations.

Depending on the nature of the claim and the denial, we may be able to undertake representation on a contingent-fee basis, meaning we are compensated for our time only if we obtain a recovery. If you or your company has received an insurance coverage denial you believe may be wrongful, or you believe an insurer is not paying full policy benefits, contact us today at 619.872.2520 to discuss your claim.