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Prospective Coverage
Providing Risk Transfer for Known, Threatened or Existing Litigation
Description
Prospective coverage is a bespoke policy that allows companies to transfer the risk of potential, known or threatened liabilities to a third-party carrier in exchange for a one-time fixed premium.
Stage of Litigation
Prospective coverage is leveraged when potential litigation is identified during the due diligence phase of a corporate transaction or during a general review of a company’s business operations.
How It Works
The policy provides certainty for businesses which are concerned about a potential litigation risk by providing coverage should the identified risk materialize.
Key Benefits
By transferring the risk of potential litigation, Prospective Coverage helps companies avoid costly escrow deposits for potential damages, facilitates M&A and financing transactions by ring-fencing the litigation risk and helps companies get back to their core business.
Next Steps
To arrange a confidential consultation or discuss your specific needs, please email us, call us at (214) 570-3661 or fill out the form below. We look forward to helping you solve any financial or legal uncertainty caused by potential litigation risks.
Risk Settlements can help you!
Get in touch to get started discussing options.
Roger Colaizzi
Venable LLP
Risk Settlements can provide a strategic solution to help companies navigate the settlement minefield
Rodney Max
Rodney Max, Upchurch Watson White & Max Mediation Group, Inc.
They are the real deal and have saved companies from bankruptcy and certain financial disaster arising out of class action liability.
Rodney Max
Rodney Max, Upchurch Watson White & Max Mediation Group, Inc.
Risk Settlements’ sophisticated team solves business risks, provides certainty and makes settlements achievable when it would have been impossible otherwise.