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Attorney Malpractice Insurance PolicyA common misconception is that Attorney Malpractice Insurance coverage for a departing attorney continues until the end of the policy term because it is ‘paid for’.  Once an attorney leaves a law firm their work after they leave the firm is not covered.  The departing attorney needs to purchase a new policy or be added to their new firm’s Attorney Malpractice Insurance policy for coverage.  Attorney Malpractice is written for the Law Firm covering the work done for the Law Firm.

With this stated, for most Attorney Malpractice Insurance policies the old law firm continues to have past acts coverage for the attorney that left.  This is as long as the old law firm continues to maintain continuous clams-made Attorney Malpractice Insurance.  Most Attorney Malpractice insurance policies define as the “insured” past and present attorneys, employees & partners for work they have done on behalf of the named insured firm.  There is no need for the firm or the individual to purchase an individual extended reporting period endorsement (ERP or Tail) for that departing attorney.  Many insurers do not permit the purchase of an individual ERP only a firm ERP is permitted.

The concern that the parting attorney may have is that if the firm breaks up later or fails to maintain their Lawyers Professional Liability policy do they have a ‘right’ or are they able purchase an ERP later.  Once an attorney leaves a firm their ‘right’ to purchase an ERP under the old firm’s policy ends.  There are alternatives, such as a ‘Run Off’ policy that can provide past acts individual coverage for that attorney, but they are generally expensive and sometime difficult to obtain.

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