Potential Claims: To Report or Not?
It’s a common dilemma—whether to report an incident as a potential claim to your professional liability
The Fee-Return Exclusion in Your Legal Malpractice Policy
Almost all lawyer’s professional liability policies include a fee-return exclusion. The exclusion is usually wrapped into
The “First Made” Requirement in Claims-Made Coverage
Claims-made policies almost always require the claim be “first made” during the policy period. Such policies
The Prior Knowledge Exclusion in Your Legal Malpractice Policy
Almost all lawyer’s professional liability policies include a prior knowledge exclusion.[1] Calling it an exclusion is somewhat
Legal Malpractice Straddling the Retroactive Date
Difficulty arises with continuing malpractice that straddles the retroactive date. Most often the alleged malpractice is
Understanding the Retroactive Date in Your Legal Malpractice Policy
A "retroactive date" (or “retro date” for short) is a feature of claims-made coverage, which is
The Office-Sharing Exclusion in Your Legal Malpractice Policy
An application for lawyer's professional liability insurance typically asks whether you have any "office sharing" arrangement with
The Demise of Occurrence-Based Lawyer’s Professional Liability Insurance
By all accounts, Lloyds of London wrote the first lawyer's professional liability (LPL) policy on a claims-made
ADDITIONAL RESOURCES
The ABA Standing Committee on Lawyers’ Professional Liability includes extensive resources on its webpage regarding professional liability insurance and other coverages for law firms. CLICK HERE
