The Devils in the Details: Minimizing the Effects of a Professional Liability Claim
Presenter: Kaitlin Murray, Hall & Company
Design professionals face many uncertainties when confronted with a claim or pre-claim scenario. In some instances, it may be unclear whether or not a claim should be reported. In others, design professionals are hesitant to report a claim or circumstance for fear that it will cause their insurance rates to increase. Understanding the terms and conditions of your professional liability policy is crucial to protecting the firm’s viability in the event of a claim, but they aren’t always easy to decipher. The objective of this webinar is to educate design professionals on the nitty-gritty details of claims handling, including when to report a claim, how professional liability policies respond to claims, and how to minimize the impact of a claim on your firm’s future professional liability insurance premiums.
Participants will gain knowledge in the following key areas:
- Understanding how your professional liability policy provides coverage to your firm
- How to reap the full benefit of your policy’s features in the event of a claim
- The most common claim scenarios faced by design professionals and steps firms have taken to avoid them
- Identifying and exercising your options for policy renewal after a recent or severe claim