Hurricane Katrina hammered New Orleans on Aug. 29, 2005. The Twin Towers collapsed on Sept. 11, 2001. Power outages afflict cities across the United States as we write these words. Are general counsel and their companies now any better prepared to handle emergencies, whatever their nature? Here are seven steps for GCs to follow and a legal primer to keep handy.
First, check the company’s insurance, but don’t rely on the insurance. Re-evaluate both coverage and amount, expanding the first and upping the second. Get a coverage lawyer to help with policy review, to spot and plug coverage loopholes.
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