Directors and Officers Insurance Policy Limits and Exclusions Workflow

Initial Review of Policy Limits

Type: Fill Checklist

In the Initial Review of Policy Limits step, the Claims Team reviews policy documents to determine coverage levels for the insured party. This involves analyzing policy terms, conditions, and limits to ensure that they align with the submitted claim. The team verifies that the policy is active at the time of the incident and assesses any applicable deductibles or exclusions. The purpose of this review is to validate the scope of coverage for the claimant and identify potential issues that may impact payment. By conducting a thorough review, the Claims Team can provide accurate guidance on what is covered under the policy and what is not. This step helps to set expectations and avoid unnecessary disputes down the line. It also enables the team to develop an initial assessment of the claim's viability.