As your law practice or legal career evolves, your Professional Liability Policy should also adapt. Understanding how an Extending Reporting Period (ERP) option can extend your coverage is key. Whether you're years away from retirement, considering a merger, or planning for a practice change tomorrow, understanding how ERP endorsements function, the available options, and when you need one could be the difference between sleeping peacefully and facing financial disaster. In this episode, we...
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As your law practice or legal career evolves, your Professional Liability Policy should also adapt. Understanding how an Extending Reporting Period (ERP) option can extend your coverage is key. Whether you're years away from retirement, considering a merger, or planning for a practice change tomorrow, understanding how ERP endorsements function, the available options, and when you need one could be the difference between sleeping peacefully and facing financial disaster. In this episode, we...
In this episode, we discuss how delaying the reporting of claims and potential claims to your professional liability insurance carrier can result in serious legal and financial consequences and jeopardize both current and future coverage. Contrary to the misconception that withholding claims protects your insurance status, delaying the reporting of malpractice claims to your insurance carrier carries serious risks. It can increase costs, prolong resolution times, heighten the likelihood of d...
Lawyer's Learning Center with DHIA
As your law practice or legal career evolves, your Professional Liability Policy should also adapt. Understanding how an Extending Reporting Period (ERP) option can extend your coverage is key. Whether you're years away from retirement, considering a merger, or planning for a practice change tomorrow, understanding how ERP endorsements function, the available options, and when you need one could be the difference between sleeping peacefully and facing financial disaster. In this episode, we...
