ISBA Mutual Lunch and Learn: Anatomy of a Lawyers’ Professional Liability Policy

When: 5/22/2018
Where: ISBA Mutual Offices
What: Lunch and Learn: Anatomy of a Lawyers’ Professional Liability Policy

Lawyers have a professional responsibility to put the needs of their clients first, and part of that responsibility is making their client whole in the event of a professional error that causes harm. That’s why lawyers purchase professional liability insurance. But what exactly is in the policy? This presentation outlined the who, what and when of a lawyers’ professional liability insurance policy so that lawyers can make an informed decision that protects them and their clients. Specific things you will learn include:

• What is a Claim? What is Malpractice?
• Coverage Agreements
• The Named Insured
• Common exclusions
• Essential dates
• Common conditions that may or may not influence coverage
• Supplemental coverages
• Explanations of other common policy terms

1.0 hour of approved MCLE credit, including 1.0 hour of professional responsibility MCLE credit.

Speakers:

• Mosea Harris, Claims Examiner, CCP, ISBA Mutual Insurance Company
• Orsola Meo, Underwriter, ISBA Mutual Insurance Company

Handout:

• Anatomy of a Lawyers Professional Liability Policy (slides)
• Glossary of Insurance Terms