L Squared Insurance Agency Blog: automatic extended reporting period
View the latest blog posts from L Squared Insurance Agency.
Thursday, January 19, 2023 What does an ‘Automatic Extended Reporting Period’ (ERP) actually do? For special cases this provision works well but, it normally does not provide any coverage. Firms that think that this provision provides continued coverage for 60 days past the policy expiration date are in for a rude surprise. READ MORE >>
Thursday, December 17, 2020This can be misleading unless you read the paragraph that follows the title. While this provision is useful in special cases, it normally does not come into play. More than one attorney has thought that they have 60 days past the policy expiration date to renew or get new coverage because of the 60-day ‘Automatic’ Extended Reporting Period (ERP). READ MORE >>
Wednesday, August 19, 2020The Attorney Malpractice “Automatic’ Extended Reporting Period (60-Day AERP) is not what it seems. More than one attorney has assumed that they have 60 days past expiration to renew or get new coverage because a 60-Day AERP is part of their policy. Nothing could be further from the truth. READ MORE >>
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