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Extended Reporting Period Options Explained: How it Works and When You Need One

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Manage episode 519175578 series 3458078
Content provided by Daniels-Head Insurance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Daniels-Head Insurance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

As your law practice or legal career evolves, your Professional Liability Policy should also adapt. Understanding how an Extending Reporting Period (ERP) option can extend your coverage is key.

Whether you're years away from retirement, considering a merger, or planning for a practice change tomorrow, understanding how ERP endorsements function, the available options, and when you need one could be the difference between sleeping peacefully and facing financial disaster.

In this episode, we cut through the confusion and explain what you need to know about safeguarding your past work after your policy ends or your practice undergoes a major change.
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More Resources:

Key Questions to Ask When Shopping for Professional Liability Insurance

Calculating Adequate Coverage When It Comes to Limits of Liability

eBooks: Professional Liability 101 & An Overview of Legal Malpractice

Claims-Made Vs. Occurrence Insurance Policies Explained

Navigating Your Professional Liability Policy & Reporting Claims

Leading Reasons Attorneys Get Sued

════════════════════

Sign up for email reminders so you catch every episode.

Stay connected with DHIA for updates on webinars, tools, and resources! https://linktr.ee/danielshead

  continue reading

112 episodes

Artwork
iconShare
 
Manage episode 519175578 series 3458078
Content provided by Daniels-Head Insurance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Daniels-Head Insurance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

As your law practice or legal career evolves, your Professional Liability Policy should also adapt. Understanding how an Extending Reporting Period (ERP) option can extend your coverage is key.

Whether you're years away from retirement, considering a merger, or planning for a practice change tomorrow, understanding how ERP endorsements function, the available options, and when you need one could be the difference between sleeping peacefully and facing financial disaster.

In this episode, we cut through the confusion and explain what you need to know about safeguarding your past work after your policy ends or your practice undergoes a major change.
════════════════════

More Resources:

Key Questions to Ask When Shopping for Professional Liability Insurance

Calculating Adequate Coverage When It Comes to Limits of Liability

eBooks: Professional Liability 101 & An Overview of Legal Malpractice

Claims-Made Vs. Occurrence Insurance Policies Explained

Navigating Your Professional Liability Policy & Reporting Claims

Leading Reasons Attorneys Get Sued

════════════════════

Sign up for email reminders so you catch every episode.

Stay connected with DHIA for updates on webinars, tools, and resources! https://linktr.ee/danielshead

  continue reading

112 episodes

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