Tales from the Claims Files

/Tales from the Claims Files

Claims Corner: Do I Need To Report This Situation To My Carrier And What Happens To My Premium If I Do?

Do I really need to report this situation to my carrier and what is going to happen to my premium if I do report it? Often, these are two of the very first questions asked by Insureds when they are faced with a situation. As is so often the case in a legal setting, the answer [...]

By |2017-10-25T12:25:48-06:00November 15th, 2012|Lawyers' Insurance 101, Tales from the Claims Files|0 Comments

Claims-Made Reporting Requirement

Professional liability insurance policy is provided on a claims-made basis, and not the more common occurrence basis. One significant difference between claims-made and occurrence policies is the timing required when making the claim. Claims-made insurance requires that a policy be in effect at the time the claim is made regardless of when the act, error [...]

By |2017-10-25T12:19:52-06:00February 15th, 2012|Tales from the Claims Files|1 Comment

Claims Corner – Even “Good lawyers” Have Claims

Many times policyholders, defense counsel or lawyers we meet tell us, “You should insure (fill in the name of a colleague). They are a great lawyer and would be a great risk.” That kind of endorsement is meaningful and the reputation is often well deserved. In fact we usually try to proceed with the referral [...]

By |2017-10-25T12:35:51-06:00January 17th, 2012|Lawyers' Insurance 101, Tales from the Claims Files|0 Comments