Contingent Liability

BlueChip offers personalized and creative insurance solutions to address specific client needs.

Contingent Liability policies insure against the unknown future outcome of known risks. The underwriting process for Contingent Liability policies is intensive and typically requires a lengthy evaluation. Every contingent liability policy is unique.

BlueChip’s underwriting process for Contingent Liability involves:

• An independent legal review of the underlying matter before deciding whether to offer coverage terms.
• Access to all underlying materials necessary to evaluating the likely outcome of the risk. This might include contracts, pleadings, briefs, and discovery where necessary to our underwriting process.
• The ability to interview the proposed insured and its counsel.
• The proposed insured must have a strong business purpose or motivation for seeking the Contingent Liability policy, unrelated to pure risk transfer.

BlueChip will not underwrite Contingent Liability policies involving financial guarantees, alleged fraud or dishonesty, special events coverage, and certain other matters.