A little discussed issue is the remaining Extended Reporting Period (ERP or Tail) aggregate policy limit being depleted (Burning the Limit). An ERP is attached to the last inforce policy. The ERP endorsement does not change the terms of the policy or reinstate policy...
Attorney malpractice insurance operates under a claims-made policy structure, a critical consideration when evaluating reductions in coverage limits. Unlike an occurrence-based policy, where the policy form applicable is determined by when the incident occurred, a...
Question from Attorney: I am still looking at alternatives for renewing my Lawyers Liability coverage and cannot get firm terms until I get Insurance Carrier Loss runs from my incumbent insurer. If I am a “few” days late renewing coverage is that going to be a...
As an attorney, you might feel like you are putting out fires every day, all day. But what about when you find yourself caught in the blaze? If you made a mistake that may warrant a malpractice claim or grievance – stop, drop, and roll.Any elementary school...
We at McGowanPRO are pleased to announce the tenthepisode of our new podcast, RiskyRecords! RiskyRecords is a video podcast that discusses risk management topics for accounting firms with special guests from the legal, accounting, and insurance professions. We close...
