Lawyers Errors and Omissions….
Lawyer Professional Liability Insurances……
.......different terms for the same insurance.
If you find the whole business a little confusing you are not alone.To help our clients, below you will find a collection of articles from professional journals and the American Bar Association that may help to explain how your coverage is affected by your firms areas of practice and some helpful hints your firm can do to lower your risk and your premiums.
Who and what do professional liability policies cover?
What protections are typically featured with professional liability insurance?
What drives the cost in determining the rates you will be charged?
What "Red Flags" can make getting insurance coverage more difficult?
What are the elements of your insurance contract?
- The Application
- The Declaration Sheet
- The Insurance Policy
1. Could this incident cause my client harm?
2. If it were not for this incident, would my client’s case be successful?
3. Can the situation be fixed (e.g., can lost documents be replaced, can a deadline be extended)?
What should you do to prevent gaps in your insurance coverage?