Having a CLI policy can increase negotiating power, improve a potential settlement, and reduce an opponents leverage.Contract Litigation Insurance is the only policy that insures against the risk of paying an opponent’s attorneys’ fees. Standard insurance policies specifically exclude coverage for this risk. Since CLI removes a specific threat, the protection it offers allows an insured to make better decisions in their lawsuit.

CLI Policy Highlights:

• High coverage limits available
• Easy one-page application
• All businesses or individuals involved in a contract dispute are eligible
• Coverage is purchased within the first 12 months of a litigation
• Quick turnaround on underwriting response
• Dedicated underwriters available
• Coverage available for plaintiffs & defendants
• Full commission paid on all accounts
• U.S. market potential of between $48 & $66 billion

The need for Contract Litigation Insurance is event driven, meaning that coverage is purchased within the first 12 months of litigation. The CLI policy covers the entire life of the lawsuit. The premium is fully earned, with a one time payment and no deductible. Litigants can save on the cost of coverage by purchasing a policy as early in the litigation process as possible.

If you are looking for a brokerage whose client services set them apart from the rest then Caitlin-Morgan is the MGU and wholesale insurance broker for you. Our feature-rich, niche industry and specialized management programs come with full-service solutions for associations, industry groups and agent groups alike.Contact the experts at Caitlin-Morgan today and experience the benefits of working with a new kind of brokerage.