FAQs
1. Why do I need Lawyers' Professional Liability Insurance?
2. I already have liability insurance. Why consider the Virginia Bar Association’s plans?
3. What is a potential claim?
4. What is a claim?
5. What is Extended Reporting Period (ERP) or “Tail” coverage?
6. What is the difference between Defense Inside and Outside?
7. How can I switch if I am already covered?
8. How can I receive my free quotes?
Why do I need Lawyers' Professional Liability insurance?
Liability coverage helps protect law firms from costly malpractice lawsuits. Law firms that do not carry this coverage leave themselves open to a host of lawsuit possibilities, the most common being:
Malpractice (a former client unhappy with the service or judgments they received).
Suits that may arise out of a former client’s assertion that the bill is too high, unjust, or, more commonly, overdue.
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I already have liability insurance. Why consider the Virginia Bar Association’s plans?
If you already have coverage, it is advisable that you look at the following key offerings from USI Affinity, your Bar Association’s exclusive provider:
Relationships with Top-Rated Carriers
USI Affinity offers you the opportunity to receive free quotes on many available comprehensive professional liability plans.
Ease of Access
A simple indication form, that takes about 5 minutes to complete, provides us enough information to obtain your free quotes.
Experience and Service
More than 50 years, USI Affinity has been the endorsed provider for many Bar Associations nationwide. Our notable reputation and market position ensures that Association members receive unique advantages in quality coverage, competitive rates, and service second-to-none.
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What is a potential claim?
A potential claim is any act, error, omission, circumstance, or personal injury that might reasonably be expected to give rise to a claim against any insured under the policy; or any breach of duty to a client or third party that has not resulted in a claim against an insured.
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What is a claim?
A claim is a demand made upon any insured for loss, including, but not limited to, service of suit or institution of arbitration proceedings or administrative proceedings against any insured.
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What is Extended Reporting Period or “Tail” coverage?
Extended Reporting Periods are used to provide coverage for claims that may be reported after the end of a claims-made policy period. The option to extend the reporting period does not extend the policy period. The ERP cannot be renewed or extended.
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What is the difference between Defense Inside and Outside?
Defense Costs Inside the Limits of Liability means that both the loss amount and claims expenses are deducted from the available limit of liability, and reduce the amount of your available limits to pay the actual claim. Defense Costs Outside the Limits of Liability means that only the damages/settlement amount is deducted from the available limit of liability, and that defense costs are in addition to the limits of liability.
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How can I switch if I am already covered?
Please complete the brief form to the right, and we will contact you 60 days prior to your policy expiration date.
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How can I receive my free quotes?
Download Indication Form > (A non-binding estimate of premium rates.)
Return via fax: 610.537.2585 Or email: Steve.Chaloult@USI.biz
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