Anna obtains a business liability insurance policy for her Bagels & Coffee Shop from ChoiceFirst Insurance Company. When an event occurs that gives rise to a claim, each party has a duty to

Question

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When an event occurs that gives rise to a claim, both the insured and the insurance company have a duty to cooperate in an investigation to determine the facts. This helps to ensure that the claim is handled fairly and that the insurance company can make an informed decision about whether to accept or deny the claim. Option B and C are incorrect because filing a suit against each other or finding a third party to impose liability does not address the immediate claim issue. Option D is unrelated to the duty of both parties in handling a claim.

Anna Obtains a Business Liability Insurance Policy for Her Bagels