L Squared Insurance Agency Blog: automatic erp
View the latest blog posts from L Squared Insurance Agency.
Monday, May 9, 2022The legal malpractice insurance policy ‘Automatic’ 60 Day ERP provision does not extend coverage and does not provide a ‘grace’ period for renewing coverage. The automatic ERP extends the reporting period when no other coverage is purchased. If other coverage is purchased, then this provision does not apply. READ MORE >>
Monday, March 26, 2018Along with attorneys not understanding claims-made insurance coverage and the need to protect past acts, more than one attorney has ‘top sheeted’ their policy determining they have 60 days past expiration to renew or get new coverage because of the 60 day ‘Automatic’ Extended Reporting Period (ERP). READ MORE >>
Monday, April 11, 2016The “automatic” Extended Reporting Period (ERP) provision in the Lawyers Liability Policy does not extend coverage or provide a “grace” period for renewing coverage. If your policy has this provision the only thing it does is extend the reporting period in cases where no other coverage is purchased. READ MORE >>
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