Legal Focus on Property and General Liability Insurance
- Topics:
- Property
- Tags:
- Business Operations,
- Longwoods Publishing,
- Liability Insurance,
- Insurance,
- Financial Planning,
- Finance,
- Corporate Insurance,
- Clause,
- Claim,
- Y2K
- Source:
- Longwoods Publishing
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Overview: The sue and labor clause is clearly a subject of keen interest for organizations seeking to recover some or all of the cost of making Y2K repairs, and a major concern for insurance companies. This article will attempt to explain both sides of the Sue and Labor clause issue and explain how firms choosing to file claims under this clause can handle these claims in a more efficient and effective manner. Article also concludes that insurance cost recovery issues may remain long after the start of the year 2000. Finding alternative methods to resolve such claims must be considered as a quicker and less costly alternative to protracted litigation.
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Format: HTML | Date: Jan 2000 | Pages: 1
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