PRODUCT OVERVIEW

In Innovative New Litigation Insurance Product
Contract Litigation Insurance lets you avoid the risk of paying the adversary's attorney's fees in contract litigation. Often contracts contain a "fee shifting" or "prevailing party" provision, stating that the winning party is entitled to recover their attorney's fees (and other costs) from the loser. CLI is available to both plaintiffs and defendants who wish to manage their litigation risks arising from such provisions.
 
How the Policy Works
Like many other kinds of insurance coverage (such as healthcare, automobile, or homeowner), CLI charges a premium for the coverage requested and pays a claim to the insured party if a loss occurs.
Since a CLI policy is not issued until a contract litigation complaint has been filed, a party does not purchase insurance protection until they are actually exposed to a definite risk. Policy coverage lasts until the covered litigation ends. By purchasing a CLI policy, the policyholder is able to successfully insure against payment of an adversary's attorney's fees award.
 
Availability of a Contract Litigation Insurance Policy
Any litigant in a breach of contract lawsuit may purchase or apply for a CLI policy. The most cost effective time for a Plaintiff to apply for a CLI policy is within the first 60 days of the initial filing of the lawsuit (the “optimal purchase period”). The most cost effective time for a Defendant to apply for a CLI policy is within 60 days of service of the complaint (the “optimal purchase period”).. After these optimal purchase periods have expired, an applicant may still apply for CLI coverage but the price to procure coverage may increase and the ability to place coverage may decrease.
 
Excellent Support and Prompt Claims Service
A team of experienced insurance professionals and attorneys developed CLI based on their thorough knowledge of the risks of contract litigation. Based on their experience, the team understands the importance of responsive services, especially when a party is facing an adverse judgment and an application for attorney fees. Every policyholder can depend on the knowledge, guidance, and informed support of our team, including support on selecting coverage along with prompt claims processing.