Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals

Malpractice Insurance PolicyAll policies have provisions for timely notification.  Some state as soon as practical, others state a specific time period.    All require notification of events prior to policy expiration or renewal.  Best source is to read your policy as to timing requirements.  By not doing so may cause you a coverage problem or denial of a claim.. 

This is not an all-inclusive list, but these events need to be reported to your agent and/or insurance carrier:

  1. Change address or firm moving
  2. Become aware of a potential claim or incident
  3. Disciplinary matters from a governing body or government entity
  4. (For Lawyers policies only) Add or delete attorneys
  5. Decision to purchase or exercise your rights to purchase or request a ERP(Extended Reporting Period Endorsement) or Tail
  6. Material changes in the firm should be reported immediately:

a.      Attorneys/Accountants retiring

b.      Firm purchasing, merging, splitting or buying another firm

c.       Firm closing or ceasing doing business

d.      Name of firm changing

e.      Ownership of firm is changing

f.        Firm is changing the type of legal structure, ie from a LLC to a PC

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Quick Contact
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Stay In Touch With Us Helpful Site Links Read the News
Sign up now to receive new and updates Stay up-to-date with the latest industry, community and agency news through our newscenter. We also provide handy hints on how to save on your insurance.

Read More
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder