Every insurance professional should do everything possible to avoid litigation, because even if you win, you lose.
I just testified at a trial where the underlying event happened in early 1999. I have been deposed two times and the involved broker three times. There was a trial and appeal, and the new trial, which just occurred. The unfortunate broker has had to deal with the upset of litigation where he has been one of the main defendants for almost 15 years.
The insured plaintiff is a producer of entertainment performances with high hazard aspects. The producer arranged one of his shows at a facility that could provide the proper infrastructure and had the capacity for the expected attendance. After the technical arrangements were made, a request was made for a certificate of insurance outlining the facility's insurance requirements. The request was for a comprehensive general liability policy with a high insurance limit. The facility's executives warned the producer that they were fussy about their insurance requirements because they had been involved in a substantial uncovered loss from a similar presentation several years ago.
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