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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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 five Practice Groups is...Read More
Beginning with risks whose effective date is January 1st, 2019 and later, retail insurance agencies that work with Founders Professional will now have another non-admitted lawyers professional liability option for law firms 5-19 in size. This program with Sompo International is designed for well-run but considered harder-to-pace law firms. Founders Professional is very excited to...Read More
It was way back in 1996 when California became the first state to legalize medicinal cannabis with Proposition 215. Over the next 16 years, state after state followed, in one form or another, until Colorado and Washington legalized recreational marijuana in 2012, followed by Oregon, Nevada, Maine, Massachusetts and, of course, California. Today, it’s much...Read More
