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News & Insights

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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Law Firm Risk Management: What Every Firm Should Know

When thinking about the risks that law firms may encounter on a day to day basis, your mind may go straight to malpractice.  But the truth is, the risks that attorneys face go far beyond negligence.  Good risk management in law firms is one of the most important factors insurance companies look for when determining...
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Social Engineering Fraud in the Title Industry

Beginning around 2005, title agencies were getting flooded with a ton of business thanks to a boom in the housing market.  Years later, there was a crash in the real estate market that caused many people around the nation to lose their homes.  These homeowners were getting hung out to dry and were looking for...
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National Coordinator for the Allied World Lawyers Professional Liability Insurance Programs

For Immediate Release Effective immediately, Founders Professional, a wholesale insurance brokerage firm, is a National Coordinator for the Allied World Lawyers Professional Liability Insurance programs.   ALLIED WORLD LPL ASSURESM Broad Appetite and Flexibility for Today’s Law Firms   Product Features For Law Firms with 3-100 Attorneys Admitted Policy Form Rated “A (Excellent)” by A.M....
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