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errors & omissions
New Insurance Exposures for Real Estate Agents, Property Managers, and Property Inspectors July 2020 The cost of professional liability insurance for real estate agents, brokers and property managers seems to be on the rise. Why now? Why this sector? Insurance carriers have been taking a step back, and have been re-evaluating the real estate sector...
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In the world of claims-made insurance policies, the retroactive date, or prior acts date, is everything to your insured. This is the date that starts uninterrupted claims-made coverage, with the insurance company the insured is currently with, no matter the company the insured started the retro date with. A claim reported within the current policy...
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COVID-19 is Changing Daily Life for Lawyers Across America April 16, 2020 A lot has changed since the last time America saw something even close to what she’s in the middle of right now. Not the least of which is the legal industry and its influence on the cultural and economic landscape of our country....
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LAWYERS PROFESSIONAL LIABILITY COVERAGE UPDATE With most states under a stay-at-home order, lawyers and law firms are faced with a new challenge in terms of notarizing documents. While several states have passed laws permitting remote notarization before the COVID-19 pandemic, most lawyer’s professional liability insurance policies specifically exclude notarization done without a firsthand witness. Where...
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Dare we say it?! There are signs of a hardening market in healthcare. February 2020 For those of you that have been around as long as I have, you’ve most likely experienced a “hard market.”  For those of you that haven’t, you might be asking, just what is a hard market?  IRMI defines it as...
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Do You Carry Enough Insurance to Work with Us? What do you do if a project comes along that you want to bid on, but you don’t have enough insurance in place to comply with the contract? It’s becoming more and more common for Architecture, Engineering, and other Design firms to bid on contracts that...
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new lawyers professional liability insurance program in arizona
Founders Professional is proud to represent the New SwissRe Lawyers Professional Liability Insurance product in ARIZONA   Never before available in the State of Arizona, SwissRe is excited to launch their industry leading Westport lawyers professional liability insurance program as of October 1, 2019. This program is written on an admitted policy form and is...
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5 Risk Management Procedures Your Law Firm Needed Yesterday Last year, I wrote an article on the importance of risk management in law firms, and why it is necessary to help firms run more smoothly, and, above all, avoid claims. But understanding that risk management is important is just a piece of the puzzle. Knowing...
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So, here’s the scene: Peter, a Real Estate attorney in southern California, is having drinks with a friend from law school, Blaine, also an attorney who specializes in Real Estate.  Both have been practicing law for several years and have small boutique law firms in the area.  They’re in a packed, trendy LA cocktail lounge...
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Repairing Gaps in Claims-Made Policies In the world of claims-made insurance policies, the retroactive date, or prior acts date, is everything to your insured. This is the date that starts uninterrupted claims-made coverage, with the insurance company the insured is currently with, no matter the company the insured started the retro date with. A claim...
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