D1gger
Diamond Member
Aarrrgh I hate fvcking lawyers and insurance companies!!!
I run a small construction company, and recently we received notice that a liability claim had been made against us as the general contractor. The engineer who designed the project and a sub-contractor responsible for a portion of the project were also named in the suit.
I reviewed the claim and notified my insurance company who assigned a lawyer to act on my behalf. I fully briefed the lawyer, who agreed that we had no liability, the project was constructed exactly as designed, and was fully functioning at the time of the traffic accident. His opinion was that the accident was simply the fault of the guy who filed the claim.
So fast forward to today and the lawyer calls to tell me that he had been instructed by my insurance company to settle this action and that all three parties threw some money into the pot and the claim was settled. My insurance kicked in $10k, of which I will be responsible for $5k as my deductible, as well as any impact this will have on next year?s renewal rate.
The only reason they settled was because it would cost more to take it to trial to fight it than it cost to settle, so they spend my money without me having any say. I wasn?t in a position to fight this myself, but I sure hate it when this guy walks with some money in his jeans for being stupid enough to crash his car, and then filing a law suit.
\rant
I run a small construction company, and recently we received notice that a liability claim had been made against us as the general contractor. The engineer who designed the project and a sub-contractor responsible for a portion of the project were also named in the suit.
I reviewed the claim and notified my insurance company who assigned a lawyer to act on my behalf. I fully briefed the lawyer, who agreed that we had no liability, the project was constructed exactly as designed, and was fully functioning at the time of the traffic accident. His opinion was that the accident was simply the fault of the guy who filed the claim.
So fast forward to today and the lawyer calls to tell me that he had been instructed by my insurance company to settle this action and that all three parties threw some money into the pot and the claim was settled. My insurance kicked in $10k, of which I will be responsible for $5k as my deductible, as well as any impact this will have on next year?s renewal rate.
The only reason they settled was because it would cost more to take it to trial to fight it than it cost to settle, so they spend my money without me having any say. I wasn?t in a position to fight this myself, but I sure hate it when this guy walks with some money in his jeans for being stupid enough to crash his car, and then filing a law suit.
\rant
