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The Importance of Timely Notification in Insurance Claims

Policyholders often ask what happens if they report a claim late to the insurance company. There are important practical and legal reasons for giving timely notice to the insurance company, and you never want to take a chance by reporting a claim late. The requirements for notice vary based on your policy. An occurrence policy …

What Are the Best Practices for Contract Compliance?

A business can face serious legal consequences if found in breach of contract. They may have to pay various damages, even if they did not intend to breach the contract. Sometimes, contractual lawsuits result from disputes between the two parties. A business needs to monitor its actions to reduce the chances of losing a breach …

What Can Policyholders Do to Minimize the Risk of a Denied Insurance Claim?

Before the insurance company makes a monetary offer, they need to decide that your damages are covered. They may believe your claim is excluded or does not fall within the policy’s coverage. Alternatively, they may have an issue with how you filed the claim. While you can always challenge the insurance company in court, you …

Saving Federal Estate and Gift Taxes Using Arithmetic

Robert S. Schwartz, Esq. We believe our regular readers know a lot about the Federal gift and estate tax system. In general, until January 1, 2026, present law imposes a 40% of asset value tax once property transfers by gift or by the laws of descent and distribution exceed a cumulative $13,610,000 of transferred property …

The Importance of Document Preservation in Commercial Litigation

Commercial litigation is a document-intensive process. The case may turn on evidence in documents that you or the other side hold in your possession. Both sides have a legal obligation to preserve documents in the case. Otherwise, there could be consequences in the litigation. Your documents can contain helpful evidence for your case. They may …

Understanding Breach of Contract Claims in Commercial Litigation

A contract is a legally binding document. In a contract, each party promises to do or not do something. When there is a valid contract, each party has the legal right to enforce it. If they do not believe that the other party is living up to the terms of the agreement, they can file …

Understanding Insurance Policy Basics: Key Terms and Concepts

When you purchase an insurance policy, you expect the insurance company to cover the losses you suffer. In practice, it does not always work that way. You are currently involved in a complex contractual relationship with the insurance company. It helps to be familiar with the essential terms and concepts surrounding insurance so you can …

Key Considerations for Choosing the Right Attorney for Commercial Litigation

The right attorney can make a significant difference in your commercial litigation case. Different attorneys may handle cases in varying ways and may not have the same advocacy skills. While you may not have much time to hire an attorney, you still need to be deliberate. Here are some things to consider when hiring an …

Why Your Homeowners Insurance Costs Keep Rising?

If your homeowners insurance premiums seem to keep rising, all you need to do is check your new mortgage statement each year. There, you will see the additional amount you must pay for coverage. There are reasons why your coverage costs you more each year, many of which relate to increased costs and expenses that …

The Role of Alternative Dispute Resolution in Commercial Litigation

Few commercial litigation disputes will go to trial. Some cases may be dismissed, while others may be settled. Alternative dispute resolution (ADR) is one way to resolve your commercial litigation case. Your attorney may advise you to consider ADR. ADR Can Resolve Your Case for Less Money ADR helps bring the two parties together when …

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