L Squared Insurance Agency Blog: hammer clause
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Monday, January 23, 2023 You will not find the Hammer Clause anywhere in your policy. The Hammer Clause is slang for forcing a settlement in the Defense, Indemnification, and Cooperation section of your policy. As with other professional errors and omissions policies, the attorney malpractice insurance policies commonly gives the insured the right to tell the insurer whether to settle the claim or not. READ MORE >>
Thursday, January 16, 2020 Your agent told you that you don’t want to have a clause in your policy called “The Hammer Clause.” No, it’s not a Pro-Wrestling move and no, you won’t find the term anywhere in your policy. The Hammer Clause is a term of art for forcing a settlement in the Defense, Indemnification, and Cooperation section of your policy. READ MORE >>
Tuesday, March 27, 2018Question: I am told my Attorney Malpractice Insurance Policy has a ‘Hammer Clause’—What is a ‘Hammer Clause’? Response: There is no attorney malpractice policy that actually states or defines the term for ‘Hammer Clause’. READ MORE >>
Wednesday, February 14, 2018 The Hammer Clause in a Malpractice Insurance Policy Question: An agent told me that my Attorney Malpractice Insurance policy has a ‘Hammer Clause’. I looked in my policy and could not find it. What is a ‘Hammer Clause’? Response: READ MORE >>
Tuesday, April 12, 2016Question: I am told my Lawyers Professional Liability Insurance Policy has a “Hammer Clause”—what is a “Hammer Clause”? Response: There is no Lawyers Professional Liability policy that actually states or has a defined term for a “Hammer Clause”. READ MORE >>
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