NEW E&S Market Now Available through FoundersPro Founders Professional is pleased to announce our newest market relationship with Hamilton. Hamilton’s US Professional Liability division targets small to mid-sized distressed accounts in the excess and surplus (E&S) space. Available on a Nationwide (US) basis, Hamilton underwrites on behalf of several Lloyds syndicates, and holds a rating...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 six Practice Groups is...Read More
Insuring the Directors & Officers (D&O) of a SPAC for their IPO A Special Purpose Acquisition Company or SPAC is an entity that has no operations. It’s a vehicle to raise capital through an IPO, that will eventually be used to acquire an existing private company, and that private company will become a publicly traded...Read More
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...Read More
The Differences Between the Admitted and Non-Admitted Insurance Markets It probably happens once every couple of weeks. Being a wholesale Professional Liability broker, I present my retail-broker an option from a carrier that has better coverage, with a better rating, at a better price than the incumbent, but the insured stays put. Less coverage, weaker...Read More
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...Read More
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....Read More
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
Why are Premiums Going Up? March 2020 A private company, with no claims history and no cannabis or crypto currency exposure, gets their management liability renewal quote and the premium is up 20%. The CFO says, “Our company is the same as it was a year ago, why did my premium increase?” The current premium...Read More
Why Buy Cyber Liability? 10 Reasons Healthcare Entities Need to Buy Now 1 | PRIVACY LAWS Federal laws including the Health Insurance Portability and Account- ability Act (“HIPAA”) and the Health Information Technology for Economic and Clinical Health (“HITECH”) Act require prompt notification if protected health information (PHI) that is not encrypted is lost,...Read More
