From The Hirsch Blog
What is the Hammer Clause in Your Lawyers’ Professional Liability Policy?
Most lawyers don’t even know the hammer clause is tucked away deep, somewhere within the wording of their policy. It’s usually under the defense and settlement clause or provision in the policy. Most professional liability policies contain a “hard hammer” consent to settle clause. This clause forces the insured to comply with the insurance carrier’s desire to settle a claim. With a hard hammer clause, if you decide to go against the carrier’s settlement recommendation you (the insured) would be on the hook for any additional out-of-pocket costs or litigation expenses beyond what the carrier...
What Are Defense Costs Outside the Limits in a Professional Liability Insurance Policy?
Sometimes referred to as Claims Expenses Outside the Limits (CEOL) When purchasing professional liability insurance, be aware that most policies...
What Other Coverage Should a Law Firm Consider and Purchase Outside of Legal Malpractice Insurance?
Owning or running a law firm is no easy task. There are virtually dozens of difficult decisions to be made on a daily basis. Overseeing your...
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