Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals

Occasionally we have an attorney call because they are in need of past acts coverage for a variety of reasons.  Some of the reasons are that they are about to become a Judge or Prosecutor etc. and never had insurance, but are required to have past acts coverage before assuming their new duties.  Another reason is that they worked for a large firm and have left and are now responsible to a very large deductible, i.e. over 100k if there is a claim made against them for while they worked for the firm.  Or the attorney had coverage and for whatever reason did not purchase an Extended Reporting Period Endorsement (ERP or Tail).

Whatever the reason it is possible to obtain coverage for those attorney malpractice exposures with a “Run Off” policy.  This is a claims made policy that does not cover any current work being done but only past acts.  Unlike an ERP there is no current coverage that an endorsement can be attached to and it is generally only purchased on an annual basis.  So there is no onetime fee and getting this coverage is not guaranteed. 

These policies are carefully underwritten and can be fairly expensive, starting at around $5000 per year per attorney per $1million of coverage.  As these are currently only offered by non-admitted surplus lines carriers, there will be additional taxes and fees added on.

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2011

View Mobile Version
Quick Contact
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Facebook Twitter LinkedIn Google Maps
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive new and updates 5075 Cascade Rd. SE, Ste. E
Grand Rapids, MI 49546

Local: 616.940.1101
Toll Free: 866.940.1101
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder