Friday, April 9, 2021Attorney Malpractice Extended Reporting Period (ERP or Tail) Endorsements are expensive. This is a tale of a firm that went to great lengths to figure out a way to avoid buying an ERP. Unfortunately, a bad creative solution can be costly. The following money saving idea for an alternative ERP is not recommended. READ MORE >>
Wednesday, February 24, 2021 Here’s How You Can Help Ensure ON-TIME PAYMENTS Due to the impact of COVID-19, the US Postal Service is experiencing unprecedented volume increases and limited employee availability. As a result, important insurance documents, including bills and payments by check could be delayed. READ MORE >>
Thursday, February 18, 2021Here are a few examples of claims made. None of these law firms had a cyber policy: 1. Your client is about to close on a business deal that you and the client have been working on months. The money needs to be transferred by close of business on Friday. READ MORE >>
Tuesday, January 26, 2021As a business owner, you have a duty to create a secure working environment for all of your employees, and this means instituting a strong risk management program. One risk that you might not think about, but that could be present in your operation, is the risk of a sexual harassment claim from an employee. READ MORE >>
Wednesday, January 13, 2021For property insurance not reporting small claims makes sense. With a property claim generally you know with great certainty the amount of damages quickly. If the property claim is below or right around your property claims deductible, then handle the claim. READ MORE >>
Thursday, November 12, 2020 An Exploration Into The World of Staged Collision & Fraudulent Claims Thursday, November 19, 2020 12:00 p.m. - 1:00 p.m. Explico & MDTC Insurance Law Section have collaborated to bring you this timely information. Joseph Neal, P.E. READ MORE >>
Monday, October 19, 2020 Step Rating is not defined in an attorney malpractice policy. But at inception of your 1st policy, it is the major reason that your premium will increase and continue to go up for the first few years. Attorney Malpractice Insurance policies are written ‘claims-made’ policy form. READ MORE >>
Monday, September 28, 2020When confronted with a situation that might result in a malpractice claim, most lawyers, understandably, do not know what to do. They may be tempted to ignore the situation or try and fix the problem on their own. In many cases, a potential malpractice claim can be repaired. READ MORE >>
Tuesday, July 28, 2020A frequently asked misguided question from attorneys is wanting to purchase a tail policy or shop their tail policy coverage. My response upsets some. There really is no such thing as a ‘tail policy’. I am sure that many attorneys stop reading right there, but hopefully not! READ MORE >>
Tuesday, July 21, 2020 Even though the insurer is no longer writing malpractice insurance the coverage once an Extended Reporting Period Endorsement (Tail or ERP) is issued it remains in force from an admitted insurer. If the Tail that you purchased was from a non-admitted insurer or a Risk Retention Group that was liquidated, you may be out of luck. READ MORE >>
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