Professional services firms in the United States routinely use contract terms—hold harmless, limitation of liability, and indemnity clauses—to allocate risk. When these clauses interact with …
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When Contractual Caps Conflict with Professional Liability Insurance (Errors & Omissions) Policies
Contracts routinely use limitation of liability (caps) to manage exposure between parties. But when those caps clash with Professional Liability (Errors & Omissions, “E&O”) insurance …
Uninsurable Contractual Obligations: Identifying and Avoiding Risky Clauses
Professional services firms in the USA—consultants, architects, IT vendors, and other knowledge-based businesses—commonly rely on Professional Liability Insurance (Errors & Omissions, or E&O) to transfer …
When You Need Tail Coverage for Professional Liability Insurance (Errors & Omissions) — A Practical Guide
Professional liability insurance (Errors & Omissions, or E&O) frequently uses a claims-made trigger. That means your policy only covers claims reported while the policy is …
Practical Steps to Secure Extended Reporting and Avoid Gaps in Professional Liability Insurance (Errors & Omissions)
Professional liability insurance (Errors & Omissions, E&O) on a claims-made basis requires careful management when you change carriers, wind down a practice, or have contract-driven …
Winding Down Operations? Tail Coverage Essentials for Professional Liability Insurance (Errors & Omissions)
When a professional services firm in the USA — whether an engineering consultancy in Houston, a CPA practice in New York City, or a tech …
Negotiating Tail and Prior Acts Terms When Buying or Selling a Firm With Professional Liability Insurance (Errors & Omissions)
When buying or selling a professional services firm in the United States — whether a small design studio in Austin, TX, a mid‑size consultancy in …
When Employers Require Tail Coverage: Contract and Employment Exit Scenarios for Professional Liability Insurance (Errors & Omissions)
Tail coverage (also called an Extended Reporting Period or ERP) is one of the most frequently negotiated — and misunderstood — elements of Professional Liability …
How to Calculate the Cost of Tail Coverage for Professional Liability Insurance (Errors & Omissions)
Understanding tail coverage (an Extended Reporting Period, or ERP) is essential when you maintain a claims-made Professional Liability / Errors & Omissions (E&O) policy in …
Extended Reporting Periods Explained for Professional Liability Insurance (Errors & Omissions) Policies
Professional liability (Errors & Omissions, E&O) insurance in the United States commonly uses claims-made policies. That means coverage applies if a claim is both made …