Click What is an Extended Reporting Period?
by Shirley Fraser, CPCU, AMIM. AVP – Jorgensen & Company Most Malpractice policies are written on a claims made and reported basis, which means all claims must be made against the policyholder and reported to the insurer during the policy period. Other than a mini-extended reporting period (usually for 60 days) there is no coverage […]
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Rickard Jorgensen - Posted in Accountants' professional liability insurance, Bad policies, being sued, Claims, Coverage, coverage limitations, Extended Reporting Periods, insurance, policy coverage, policy wording, prior acts coverage, professional liability claims, risk management, Tails, Uncategorized
Jan, 09, 2019
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Mergers and Acquisitions – due diligence and the risk management process
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 […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, due diligence, mergers, policy coverage, prior acts coverage, risk management
- Jun, 06, 2018
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Professional Liability Coverage Options for Effective Mergers
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 […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Accountants' risk management, mergers, prior acts coverage, Uncategorized
- Oct, 05, 2017
- 1 Comment.
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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