Results-Driven Insurance, Surety And Fidelity Representation
Disputes involving insurance claims, surety bonds and fidelity bonds require skillful handling by an attorney. Our firm’s founder, Kevin J Russell, has handled seven-figure claims for both insureds and insurance companies in New Jersey.
Mr. Russell has more than 30 years of experience as a commercial insurance lawyer. Whether he is working directly with a client or advising another firm on a case, he prioritizes achieving favorable solutions in a timely, cost-effective manner. As a licensed arbitrator, he has deep insight into successful arbitration strategies.
Understanding Surety Bonds And Fidelity Bonds
A surety bond is a form of insurance that involves three parties. The principal – often a contractor or a business enterprise – owes a duty to an obligee such as a property owner, municipality or government agency. If the principal fails to uphold their duty or the obligee fails to pay for the service, the surety – or insurance company – is liable.
Companies can protect themselves from employee malfeasance through a type of insurance called a fidelity bond. If, for example, an employee embezzles from their employer, a fidelity bond protects the employer from the loss. Fidelity bonds can also cover burglary, internet crime and breach of fiduciary duty.
Insurance Counsel From Two Perspectives
Mr. Russell is a rare attorney who has handled insurance claims from both sides of the aisle. He has assisted insurance carriers in maximizing their recoveries and has defended insurance providers from unjust claims and allegations of bad faith. In both situations, he has the insight to advise clients whether to negotiate a settlement or proceed to litigation.
Set Up A Free Consultation For Reliable Counsel
For reliable counsel on a complex insurance issue, you can turn to Kevin J Russell. Contact our firm’s law office in Jersey City to schedule a free, no-risk initial consultation. To begin, call our team at 201-360-3776 or send us an email.