Thursday, March 31, 2016Question from Client: Is this Lawyers Professional Liability Insurance Policy Extended Reporting Period Endorsement (Tail) Full Prior Acts? Response: Many people think that there is a separate policy issued once “Tail” is purchased on a Lawyers Professional Liability Insurance Policy. READ MORE >>
Wednesday, March 30, 2016Even though the insurance carrier is no longer writing Lawyers Professional Liability Insurance your coverage for an issued Extended Reporting Period Endorsement (Tail) remains in force. With this stated, as the years go by you could be with a carrier that has merged, been sold, liquidated or gone completely out of business. READ MORE >>
Tuesday, March 29, 2016From Client: I am primarily retired now, and planned to take advantage of the tail hook coverage at some point during the next few years. How will this change affect me in that regard? Response: READ MORE >>
Monday, March 28, 2016When I asked why my lawyer’s professional liability policy premium went up, the agent stated that it was because of “step rating”. What is step rating and why did my premium go up? Lawyers Professional Liability policies are Claims Made Policies. Most Claims Made Policies are Step Rated. READ MORE >>
Thursday, March 24, 2016Many Law Firms have a misconception that the Lawyers Professional Liability Insurance Coverage for an attorney continues until the end of the policy term because it is paid for even after the attorney has left the firm. Once an attorney leaves a law firm their work they do after they leave the firm is not covered. READ MORE >>
Wednesday, March 23, 2016Disciplinary Coverage is an additional coverage found on most admitted and some non-admitted Lawyers Professional Liability Insurance policies. Some Lawyers Professional Liability Insurance carrier’s policies that do not offer this coverage are willing to endorse this coverage on if requested. READ MORE >>
Sunday, March 13, 2016Lawyers Professional Liability Insurance (LPL) and Accountants Professional Liability (APL) Insurance claims made coverage ends at the policy/coverage termination. Lawyers Professional Liability Insurance Policies (LPL&APL) are generally written for the firm and coverage extents from the firm READ MORE >>
Thursday, March 3, 2016There is a major key difference between claims-made vs occurrence insurance policies. Most professional liability policies (including all accountant and lawyer policies sold in the United States) are ‘claims-made’ or ‘claims-made and reported’. READ MORE >>
Wednesday, August 7, 2013What should you do when your malpractice insurer won’t renew your policy? I think it’s safe to say that most highly educated professionals, such as lawyers, doctors, accountants, and engineers, have “Type A” personalities. Most of us are hard-working, driven, perfectionists, who strive to do the best we can for our clients. READ MORE >>
Wednesday, July 31, 2013The lawsuit by Christ Academy against Hermes Sargent Bates was only recently filed. Assuming the firm has adequate insurance limits, and there are no coverage disputes with the carrier, the insurance company will likely move quickly to control defense expenses and damages. READ MORE >>
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