Creating this Caribbean Chicken & Rice dish is simple and enjoyable when you follow these clear steps:

1. Prepare Chicken: Season the chicken thighs or breasts with salt, pepper, cumin, paprika, and cayenne (if using). Let it marinate for about 10 minutes.
2. Heat Oil: In a large pot or Dutch oven, heat the olive oil over medium heat.
3. Brown Chicken: Add the seasoned chicken to the pot. Cook until browned on both sides, about 5-7 minutes. Remove and set aside.
4. Sauté Vegetables: In the same pot, add onions and bell peppers. Cook for about 3-4 minutes until they soften. Add minced garlic and cook for an additional minute.
5. Add Rice: Stir in the rice, making sure it’s coated with the oil and vegetable mix.
6. Combine Liquids: Pour in the coconut milk and chicken broth. Mix well.
7. Return Chicken: Place the browned chicken back into the pot. Add the bay leaf and thyme.
8. Heat and Simmer: Bring to a boil, then reduce heat to low. Cover the pot with a lid and allow it to simmer for about 20 minutes or until the rice is tender and the chicken is cooked through.
9. Fluff Rice: Once done, remove the bay leaf and fluff the rice with a fork.
10. Garnish and Serve: Serve hot, garnished with chopped cilantro or parsley.

Following these steps will ensure a delicious result that embodies the spirit of Caribbean cuisine.