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News & Insights

Law Firm Risk Management

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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What Drives Lawyers Professional Liability Insurance Pricing?

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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Contract review for A&E firms

Contract Review for A&E Firms

The Importance of Contract Review for Your A&E Firm While there are many ways an Architecture, Engineering or Design Firm can manage their risk in providing their services to a 3rd party, a thorough contract review is of utmost importance. With the complex services offered by A&E firms, coupled with the sometimes-challenging projects, an A&E...
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Retro Repair

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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Assisted Living Insurance Market – Under Pressure

Over the next couple of decades, the United States will see unprecedented growth in its senior population as the “Baby Boomer” generation (born between 1946 and 1964) ages. Over 10,000 baby boomers turn 65 every day.  With this influx of aging boomers, increases in healthcare demands will be seen throughout the healthcare industry, with the...
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Jackie Jacobs, RPLU Joins Founders Professional

Founders Professional is very excited to announce our latest hire! Please join us in welcoming highly respected broker Jackie Jacobs to the team. Jackie will be based out of Tampa, Florida and will focus her efforts on assisting our retail agency partners with the placement of their distressed professional liability and management liability risks. Before...
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Stand-Alone Extended Reporting Periods

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...
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New Lawyers Professional Liability Program with Sompo International

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...
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Insuring Law Firms with Cannabis Clientele

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...
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New Admitted Insurance Carrier in California

The StarStone Admitted Lawyers Professional Liability Insurance Program is Now Available in California via Founders Professional A competitive new option in lawyers professional liability insurance for law firms with 1-20 attorneys, including part-time attorneys, in the State of California. ** This program is not targeting law firms in the Counties of Los Angeles, Ventura, Orange...
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