Law Practice,
Law Office Management,
Ethics/Professional Responsibility
Sep. 23, 2016
Misrepresentations can expose your entire firm
The important point is that material misrepresentations in an insurance application can result in rescission of all coverage for the entire firm and its partners, even where only one lone partner was at fault.
J. Randolph Evans
Partner
Dentons US LLP
303 Peachtree St NE #5300
Atlanta , Georgia 30308
Phone: (404) 527-8330
Email: randy.evans@dentons.com
As the end of the policy period of a law firm's legal malpractice policy draws near, firms begin the process of deciding whether to renew their policy or whether to obtain coverage from another insurer. An important first step in beginning this process is the accurate completion of the policy application.
While there are differences between a renewal application with an existing insurer and a new application with a different insurer, ensuring the accuracy of the answers on the appli...
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