Reporting a Potential Claim
Reporting a Potential Claim It is very important to report a potential claim or situation to your professional liability carrier as soon as you receive notice. Notice can be a…
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Professional Liability Claim
Professional Liability Claim Resolving the Dispute Most disputes involving professional service firms are resolved through negotiated settlement or mediation. At times, usually because of contractual obligations, mandatory and binding arbitration between a…
Read MoreWhat Happens After You Report a Professional Liability Claim…
What Happens After You Report a Professional Liability Claim? Reserving Procedures By law, once a claim is reported, an insurer must segregate or reserve funds anticipated…
Read MoreDefending Professional Liability Claims
Defending Professional Liability Claims Your professional liability insurance policy is a contract that covers you for wrongful acts in the performance of your professional services. Your carrier has two separate obligations to your firm:…
Read MoreProfessional Liability Pre-Claim Assistance
Professional Liability Pre-Claim Assistance Using the Pre-Claim Assistance Process Disputes happen. Dissatisfied clients, construction firms with cost recovery programs, injured third parties, and other claimants often try to tap into the…
Read MoreHow Does A Claim Affect My Professional Liability Policy?
How Does A Claim Affect My Professional Liability Policy? You’ve had a claim and it has now closed and you are wondering how this will affect your professional liability premium. …
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