Kelsy obtains a business liability insurance policy from Luminous Insurance Company for Kelsy's Framing & Art Supplies store.When an event occurs that gives rise to a claim,each party has a duty to

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Both parties have a duty to cooperate in investigating the facts surrounding the event that gave rise to the claim. This is essential in determining whether the claim falls within the scope of the insurance policy and the indemnification responsibilities of the insurer. Filing a suit against the other party or finding a third party to impose liability on may not be necessary or applicable in all situations. Paying outstanding premiums or refunding unearned amounts only concerns the financial aspect of the insurance policy, which is not directly related to the parties' duty in dealing with a claim.

Kelsy Obtains a Business Liability Insurance Policy from Luminous Insurance