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Home > Blog > Contractual Liability within an Attorney Malpractice Policy
THURSDAY, MAY 6, 2021

Contractual Liability within an Attorney Malpractice Policy

Insurance PolicyContractual Liability is a common attorney malpractice policy exclusion.  As there is not a common policy form this ‘exclusion’ may or may not be found in the policy exclusion section.   The different exclusion wording appears in many different policy form sections.  The current AXIS Pro Lawyers policy is an example of this common exclusion.   In the AXIS policy it is part of the Claims policy section:

“You must not, except at your own cost, make any payment, admit any liability, settle any claims, assume any obligation or incur any expense without our prior written consent.”

Be aware that any contract that you make with another party that your insurer is not a party to that contract.  Any obligations that you assume are not assumed by your attorney malpractice insurer.  Nor can you amend the terms and conditions of your attorney malpractice policy with a 3rd party contract.

Lee

 
 
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   Lee Norcross, MBA, CPCU

    Managing Director, CEO
    Click here to contact Lee Norcross, MBA, CPCU, CPIA

     (616) 940-1101 Ext. 7080

 
Posted 6:41 PM

Tags: attorney malpractice insurance policy, contractual liability
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