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errors & omissions
Prior Acts Coverage – Insurance Coverage for Your Past Activities April 2021 For the last 18 months or so, the Professional Liability insurance markets (along with many other insurance markets) have been “hardening,” industry jargon for premiums increasing and/or coverage decreasing. Basically, the deals for the consumer are getting less favorable. As a result, many...
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When is the right time for lawyers to purchase an ERP? Founders Professional is a national wholesale insurance brokerage focused exclusively on the placement of professional liability insurance. We have extensive expertise in Architects & Engineers, Cyber, Technology, Financial Institutions, Lawyers, Healthcare, Management Liability, and Miscellaneous Professional lines. One of our six Practice Groups is...
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New Market – CapSpecialty January 4, 2021 CapSpecialty’s Architects and Engineers professional liability product is designed for professional design and engineering firms, with a particular focus on those that have experienced a severe claim event or a frequency of claims in their recent history. CapSpecialty’s underwriting team understands each insured has a story and remains...
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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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