Litigation Strategy

litigation strategy
I own a consulting firm and continue to build my business.?

I need advice on how one becomes a preferred vendor for insurance companies. I provide litigation consulting services; that is, strategy for preparing for trial, providing insight into potential damages, assistance with managing risk. Any tips or suggestions are welcome.
*This kind of work involves services that insurance companies do not have — I assist the lawyers that they hire for claims that go on to litigation.
*Tom Z, back channel me — I believe you have a feel for what I’m looking for.

Local chambers of commerce or business groups will have zero value for you because the local insurance agents you meet have no say in the counsel an insurance company chooses.

Insurance companies choose the consultants they will use not insurance agents. You need to develop contacts at the insurance company’s home office level. More than likely that will not be a local situation.

You need to check what companies operate in your area and determine where their home offices are located. Some may be in your State but if the company is a national company the home office might be a significant distance from your office.

I would start in two ways. First, talk to the various insurance adjusters that handle claims in your area. Your own agent probably can give you some contacts. These adjusters don’t make decisions as to the use of counsel but they might be able to bump you up the ladder so that you can talk to somebody that does make those decisions.

Second, check with your contacts in the local bar association they might be able to give you some contacts with insurance company decision makers.

Client interviewing and pre-litigation strategy – The Jeremy Shum Invent Company – Waverly Labs

Three Types of Asset Protection Strategies

Many people are becoming more interested in establishing strategies to protect their assets. The increase of litigious action against individuals has been increasing over the last few years. Because of this increase litigation, it is important to establish a strategy to protect your assets from overzealous creditors or individuals wishing to sue. It is important to begin creating an asset protection strategy now since only a slim percentage of Americans bother with any asset protection considerations at all. Asset protection strategies range from simple devices such as transferring assets to a retirement account, to more complex arrangements such as offshore trusts.

Asset protection planning can be effected in essentially three ways. The first asset protection strategy is divestiture, by which an individual transfers his property to another person, either by outright transfer or by having liens or mortgages placed upon the asset. This method relies on the simple truth that a creditor cannot have what a debtor does not own. The second asset protection strategy is through exemption planning, where an individual transfers assets to a statutorily protected class of property, such as residential homestead, life insurance, or an IRA. These classes of protected property vary widely by state. The third strategy is through the use of liability shielding entities such as corporations and LLCs. Hiding one’s assets is not part of responsible or effective asset protection planning. First, it may be against the law, and second, it doesn’t work well.

No matter what type of asset protection strategy you choose to implement, it is important that you conduct a significant amount of research to fully understand what you are getting into. It may also be beneficial to consult with an asset protection strategy to fine tune your strategy and make sure it is legal.

For more resources about asset protection or even about asset protection trust and especially about asset protection strategies please review these links.