INSURANCE LAW

Insurance Laws and Regulations continue to grow in importance in the international context especially after the trade expanded beyond geographical boundaries and between all possible countries except a few which are under various embargo. In such emerging global scenario where trade transcends geographical borders – risk mitigation and equipping ourselves with protection from direct and indirect losses like - cash, asset, goodwill, brand equity etc, plays a very important role – this cover is required to protect ourselves from various ‘Hand of God’, War scenarios also. Insurance considerations acquire larger importance in aviation, transport, maritime, banking, finance, engineering incl construction, energy, real estate, financial services etc. Our expertise is in these areas with clear references of success to substantiate. We also work closely with practitioners of Islamic Finance to put together strategies for developing Islamic-compliant financial products and also to assist them to identify risks, mitigation frame work, protection plans and cost-benefit analytics to arrive at the right-fit plans with best price tags for optimal and maximum cover.

• Insurance for Personal, Commercial and Corporate needs: Untoward incidents, Un-planned risks etc lead to unforeseen losses, damages, liabilities leading to erosion of hard-earned wealth or revenue – irrespective of whether you are an individual or a corporate. Protecting interests, saving time during settlement of claims and re-imbursement periods can be assured and ensured by inserting, drafting and agreeing healthy and statutorily complying clauses and terms.

 

• Interpretation of Terms & Legal Support: There can be many complex clauses which might need interpretation from experts for proper clarification to select the appropriate policy with optimal premium costs. To avoid ambiguities (in future too – post selection of policy), proper review with the timely advice from our ready-to-support industry expert consultants can be a lot of value for both individuals and corporates. There are ways to avoid undue delay of settlement from the insurance sellers if clauses are properly drafted in a compliant manner.

 

• Negotiation and Claims Management: For a prudent settlement of claims, esp in scenarios where proper and on-time re-imbursements aren’t available, our consultants shall be of great help. Also, for extracting re-imbursement for rightful claims, the documentation needs to be in full adherence to the terms and clauses agreed during the purchase of policies. Overall – to save ourselves from damages and all type of losses, it is always better to obtain expert advice at the time of insurance cover negotiation itself, rather than waiting for a claim situation to arise.

 

• Dispute / conflict resolution and related Litigation: If negotiations fail and amicable solutions are missed, then to obtain the client’s due re-imbursements and claims litigation processes are to be initiated. For achieving a favorable court order, the appearing lawyer consultants need to be well versed in drafting error-free documentation and the flow of court procedures. Our consultants and lawyers are experienced in conceiving and presenting logically strong and legally compelling arguments for protecting the investments, good-will, brand-equity, assets, wealth belonging to our clients.

 

• Support / advice against un-ethical practices: Under-cutting payments, unwarranted delay in cash settlements, unjustified denial of coverage against various losses etc are always happening with many policy holders. To tide over these crisis moments, a timely support from an expert lawyer / consultant from JYBROS shall be of a very great value who will be an expert with lots of experience in handling such difficult situations on behalf of our many happy clients.