Most attorneys change jobs at least once in their career and it is important to have coverage for past work. Will the old firm’s policy provide protection? Watch this explainer to understand Career Coverage and how it differs from Prior Acts Coverage.Watch Video
It is important to understand that there is a difference between Firm Tail Coverage and Individual Tail Coverage.
Most insurance carriers offer Firm Tail Coverage but very few also offer Individual Tail Coverage.
In this explainer we will examine Extended Reporting Coverage and Tail Coverage.Watch Video
Fair Debt Collection Practices Act (FDCPA) claims are very frequent and most insurance carriers do not provide coverage for this type of claim. In fact, FDCPA claims are the most frequent claim report to The Bar Plan. It is not uncommon for FDCPA claims to be made against attorneys who don’t consider themselves debt collectors and, in fact, attorneys are a frequent target of lawsuits alleging violations of the FDCPA.Watch Video
When your firm is the subject of a malpractice claim, you want to make sure that you retain control over whether or not your claim is settled. Make sure your policy contains a strong “Consent to Settle” provision that requires your consent before any claim can be settled. Look for a broad Early Resolution Benefit provision that is based on the length of time the claim is open, and includes all methods of settlement.Watch Video