FAQs

1. Why do I need Lawyers' Professional Liability insurance?
2. What is a potential claim?
3. What is a claim?
4. What is an Extended Reporting Period (ERP) or "Tail" coverage?
5. What is the difference between defense inside and outside?
6. How can I switch if I am already covered?
7. How can I receive my free quotes?

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.

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.

What is a claim?
A claim is a demand made upon any insured for loss, as defined in each of the coverage units 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 an Extended Reporting Period (ERP) 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.

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 fill out this form 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: 610.537.2057

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