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Posted on: September 12, 2019 by Huntersure
Liability policies for clients are usually broken down into two categories: occurrence or claims-made. This system helps to streamline the process of handling claims, expediting everything from payouts to updating a current policy’s limits. An occurrence policy provides coverage for claims that result from an injury or another event that occurs during the term of […] Read More
Posted on: September 5, 2019 by Huntersure
There are a number of factors that play a role in professional liability risk insurance. From economic issues to nationwide litigation trends, the professional liability insurance market can change at the drop of a hat. In 2019, financial and professional liability insurance rates in the U.S. increased by seven percent and will probably continue to […] Read More
Posted on: August 8, 2019 by Huntersure
A difficult concept for purchasers of professional liability insurance is what prior acts coverage refers to as well as claims-made policies. A negligence claim against a lawyer or any other type of professional, such as an accountant, typically evolves from services that were provided many years before the time of the claim. With this in […] Read More
Posted on: November 8, 2018 by Huntersure
Insurance policies vary in everything from what’s being covered to who’s being covered. But given the breadth of insurance coverage options, there’s still one major similarity they all have: exclusions. When legal professional clients are weighing their options, they need to know what is covered first, but also need to understand the importance that exclusions […] Read More
Posted on: November 1, 2018 by Huntersure
This blog was originally published on September 12, 2017. It was updated and re-published on November 1, 2018. Conflicts of interest and ethical rules have the power to limit who lawyers represent. It’s important for legal professionals to not cross the line and make sure they’re keeping their work and their intentions in check before […] Read More
Posted on: August 16, 2018 by Huntersure
Contractors, subcontractors and construction occupations include very risky and diverse work that can open a company to legal issues if not protected properly. From physical storefronts to injuries on a job site, medical bills could become the responsibility of the business. For insurance agents with contractor and subcontractor clients, there needs to be a level […] Read More
Posted on: January 8, 2018 by Huntersure
As 2018 progresses, you might be evaluating ways to boost your business. Professional Liability Insurance is a huge niche market, as it’s relevant to every industry. However, company-wide and personal competition exist to keep you striving for more. In this post, we’re going to dive deeper into the successful habits and traits that insurance agents […] Read More
Posted on: October 20, 2017 by Huntersure
The most comprehensive and beneficial policy for consultants is arguably Professional Liability Insurance, otherwise known as Errors & Omissions. As an agent, you know the ins and outs of the coverage and just how much this policy can benefit your professional services clients. What they might not realize, however, is the risks they face of […] Read More
Posted on: May 26, 2015 by Huntersure
In its most standard definition, Lawyers’ Prior Acts Coverage means that the lawyer or attorney is covered for acts, errors, or omissions that occurred prior to their insurance policy’s inception date. Why would your clients need this type of coverage though? Let’s say that a lawyer leaves his or her firm to go in-house, go […] Read More