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representations and warranies insurance from founders professional
Representations and warranties insurance, also known as ‘Reps and Warranties’, is the insurance that protects against breaches of contractual representations and warranties that a seller makes in transaction documents during a commercial merger or acquisition. These insurance policies are increasingly purchased for mergers and acquisitions (M&A) transactions to help the buyer and the seller ensure...
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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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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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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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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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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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