Your Firm’s Risk Insurance Needs: Professional Liability Coverage (LI)

Managing your firm’s risk management, including liability coverage and the mechanics of reporting requirements, is intertwined with creating and strengthening your firm’s ethical culture. Professional liability insurance is key to a firm’s strength – and survival. Whether you are an experienced administrator or new to the profession, it’s easy to forget the details. Furthermore, there are new issues that have surfaced in this “new” normal economy so it’s important to know the trends. Knowing the in’s and out’s of your professional liability policies will help you reduce exposure to claims.

Learning Objectives:

• Discuss prior acts coverage
• Identify critical portions of the application and how it can affect coverage
• Recognize the importance of reviewing all firm policies, including the business owner’s policy, relevant property coverage policies and more

Speaker:

Jennifer A. Ritman is President and Founder of Ritman & Associates, Inc. She specializes in Professional Liability and Employment Practices Liability Insurance with an emphasis on lawyers. Ritman is a member of the Professional Liability Underwriters Society and part of the ABA Standing Committee on Professional Liability.

CLM Credit for live program only: 1 hr of credit in the area of Legal Industry/Business Management (LI) for CLM Recertification; 1 hour towards the additional hours of education required of Functional Specialists seeking to fulfill the CLM application.

Your Firm's Risk Insurance Needs: Professional Liability Coverage (LI)

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