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Tag Archives: prior acts

Mergers and Acquisitions – due diligence and the risk management process

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There has been a spate of firm consolidations in the past few years and the pace is unlikely to slow down. Retirements, business expansion, consolidation of practice areas or acquisition of a new specialty drive the reasons to merge firms together. Due diligence is essential in the evaluation of the firm.  Identifying issues before a […]

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Professional Liability Coverage Options for Effective Mergers

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by Rickard Jorgensen, FCII, ACIArb., ARM Some of the following coverage options may not be available to all insured firms, and the final decision on how the merger will be covered is left to the insurer concerned. Scenario 1 One policy: new policy for Firm AB providing Prior Acts coverage for Firm A and Firm B […]

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Malpractice coverage for retirees

What happens to your exposure for past acts when you cease practicing? Over the past years we have often received inquiries from clients that are considering retirement and are concerned about residual prior acts exposure.  No-one wants to have their golden years disturbed by an ugly, uninsured malpractice lawsuit.  Before packing the golf clubs or […]

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