Malpractice Insurance Claims Expenses Outside the Limits (CEOL)

Malpractice Insurance Claims Expenses Outside the Limits (CEOL)

Malpractice Insurance Claims Expenses Outside the Limits (CEOL) CEOL stands for Claims Expenses Outside the Limits of Liability. CEOL is a separate liability sublimit for claims expenses (sometimes called defense costs). With CEOL claims expenses do not reduce the...
Claims-Made v Occurrence Policy Forms

Claims-Made v Occurrence Policy Forms

Claims-Made v Occurrence Policy Forms People may think all insurance claims are settled using occurrence policy forms. For good reason; homeowners, auto, business owners and workers compensation insurance policies all use occurrence policy forms. With occurrence...
Attorney Malpractice Insurance Risky Practice Areas

Attorney Malpractice Insurance Risky Practice Areas

Attorney Malpractice Insurance Risky Practice Areas Insurers look at claim frequency and severity when setting rates and underwriting guidelines. Unlike auto insurance or home insurance, attorney malpractice insurers do not have the law of large numbers in helping to...