Insurance Recovery Solutions For Tech And Biotech Companies
Tech and biotech companies understand the heavy pressure that they are under to keep finding new advancements in their specific fields. Being competitive in these industries means taking chances. Companies feel comfortable in trying new things because of the protections provided by their insurance policies to reimburse them for unexpected problems or disasters. With the risk inherent in such high-tech industries, owners and operators rely on prompt payment when a covered event occurs. When the insurance company refuses to pay a fair recovery or delays payment for no good reason, it can cause significant financial distress for the covered company.
At McLeod Law Group, with offices in San Diego and Denver, we handle insurance recovery issues for tech and biotech companies throughout the Western United States. We have recovered billions of dollars on behalf of insurance policyholders in a broad range of industries. Whether through negotiation with insurers or litigation over policy disputes, we stand up for companies who are being put in a difficult position. As experienced trial attorneys, we have a reputation for making insurance companies pay.
Innovation And Risk In High-Tech Fields
There can often be unknown risks when taking on a new project. Understanding what you are up against sometimes does not come until you have to deal with the problem at hand. Proper planning can help mitigate some of those issues, but only if your insurance company lives up to its end of the bargain. Some of the risks high-tech companies buy expensive insurance policies to protect themselves against include:
- Theft of patents, trademarks and other intellectual property
- Ransomware and other cyber threats
- Research and development failures
- Problems with biotech clinical trials
- Property damage
Our attorneys will work with you personally to help you craft a network of insurance policies that protect your interests to the greatest possible extent. When problems arise, such as nonpayment or delayed payment of insurance benefits, we can step in and take aggressive action on your behalf, inside and outside of the courtroom.
While our lawyers can help at any point in the process, we are also able to meet and craft comprehensive insurance coverage plans that allow you to potentially avoid problematic situations. By taking the time to review your existing plan, or develop a new one based on your specific needs, we can help you take steps to limit costly and time-consuming litigation.
Understand Your Options
Our lawyers have worked with a number of companies throughout the Western United States on complex insurance recovery disputes and risk mitigation planning. To arrange a time to discuss your concerns, contact our law offices online or by telephone at 619-433-6682.