Insurance carriers and companies face a wide variety of issues when charged with using existing liability policies—such as D&O, E&O and EPL insurance—to cover class action litigation. Among them are expensive litigation, complex coverage issues, insufficient policy limits, exposure from excess carriers and an experience gap in handling complicated litigation, including class actions.
These issues become particularly prominent when trying to work within policy limits. Carriers often find themselves having to cover and defend class action and other types of litigation and settlements that exceed available financial limits.
Enter Certum Group, the leading provider of risk mitigation and consulting solutions to carriers with class action and other litigation claims. Our team of legal and insurance specialists are experienced in collaborating with carriers of liability policies to structure settlements that fully cover litigation liabilities within policy reserves.
For companies that are willing to take on the financial variability of litigation/settlement, Certum Group offers a consultative service. Certum Group works collaboratively with the carrier, company and legal counsel to create the optimal settlement structure to meet all financial and legal objectives.
For companies looking to mitigate the financial variability and uncertainty of class litigation/settlement, Certum Group also provides access to (a) Class Action Settlement Insurance (CASI)—an innovative tool that allows carriers to use existing policy reserves to fully transfer the risk to a different policy and insurer, and (b) Litigation Buyout Insurance (LBO) – which provides companies with the ability to successfully ring-fence litigation exposure and transfer the full financial risk of class action, antitrust and non-class litigation. The result provides a known and certain financial outcome and full transfer of the risk.
Certum Group Can Help You
To arrange a confidential consultation, discuss your specific needs, or learn more about how we can meet your financial and business objectives, please email us, call us at (214) 570-3661 or click the Contact Us button on this page. We look forward to helping you solve any financial and legal uncertainty arising from existing or threatened litigation.
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Certum Group Can Help
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