Jun 21, 2011 in We Think
This article was authored by attorney Sheryl L. Axelrod, of The Axelrod Firm, PC.
The Axelrod Firm, PC is a Philadelphia, Pennsylvania law firm established for the purpose of assisting individuals, businesses and non-profit organizations with commercial, real estate and employment issues. Sheryl L. Axelrod is the owner of the three attorney, state-certified, woman owned law firm. As few as 5% of lawyers per jurisdiction are recognized by their fellow lawyers as Super Lawyers, Sheryl L. Axelrod has been recognized as a Super Lawyer for the third year in a row. Attorney Axelrod is the President of the Temple Law Alumni Association (TLAA), its 4th female President in its over 95 year history.
It frequently happens. A business owner purchases an insurance policy to protect the business. You pay your premiums in a timely manner, year after year. Then one day, your business is at the wrong end of a lawsuit. You quickly submit the claim to your insurance carrier and expecting they’ll cover it. They’ll hire a lawyer at their cost (after you pay any deductible), and the lawyer will defend your company. After all, that’s why you’ve been paying all those premiums, to get that coverage. However, a few weeks later, you receive a letter s in the mail. Your carrier is rejecting the claim and now you’re the one who must foot the bill to pay for, defend and fight the lawsuit. This is what you should do to effectively fight back. (more…)