Latest / Lawyer's Learning Center with DHIA
The High Price of Gaps in Your Professional Liability Insurance and Preventative Tips
Lawyers Professional Liability Insurance policies are usually issued as claims-made and reported policies, unlike auto insurance policies, which are generally structured on an occurrence basis.
It's essential to understand that a claims-made policy necessitates that coverage is active when a claim is reported and that the incident happens after the retroactive date. Additionally, any claim or potential claim received during the policy period must be reported promptly.
This requires that continuous coverage is maintained without a gap.
Whether it’s an intentional or accidental gap in coverage…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.