Insurance Attorney

What Does Insurance Attorney Mean?

An insurance attorney is a professional with expertise in insurance law and practices. They represent either an insurance company or a policyholder in a claim dispute. Typically, insurance claimants hire these attorneys when they face issues with settlement, such as property losses, disability claims, errors and omissions insurance, professional liability, car repairs or replacements, medical reimbursements, healthcare services, and other types of claims. Attorneys often carry their own coverage too, which is why lawyer and law firm insurance costs are a regular topic among legal practices managing client risk.

Insuranceopedia Explains Insurance Attorney

Insurance companies are obligated to honor the terms of an insurance contract in exchange for the premiums paid by the policyholder when the insured event occurs. However, some companies resort to bad faith practices, committing fraud and other wrongful acts, such as unjustly delaying or denying claim payments without legitimate reasons to avoid paying out money. This violates the covenant of good faith between the insurer and the insured. Insurance claimants facing such issues often seek the assistance of insurance attorneys. Disputes involving service professionals, like a contractor or consultant being sued by a client, generally fall under professional liability insurance, which is one of the policy types these attorneys regularly work with.