You would quickly realize how idiotic it is to touch molten rock. First you would need to get to the lava, which would completely be dependent on the wind. If it's blowing to your front, you won't get very close, if it's blowing to your back, then fair will have it that you'll be successful in touching lava.
A full hammer clause informs the insured that if the insured goes against the carrierâs settlement recommendation, that they will be liable for all defense costs and settlement over the dollar amount the claim could have settled the claim.
Make sure you purchase an E&O policy with a Consent to Settle option, also known as a âsoft hammerâ clause. A soft hammer clause will ensure that the carrier, not the insured, is responsible for some or most of the litigation costs, even after the insured refuses a settlement recommendation. For instance, CITAâs Insurance Agents E&O policy offers multiple Consent to Settle Options, including: 50/50, 70/30 and 80/20.