Risk Management Alert: The Temporary Emergency Video Notarization Law Expires March 1, 2021
Temporary Emergency Video Notarization Law Expires March 1, 2021
Your Lawyers Mutual policy is a "Professional Liability Claims-Made Policy. " The policy is for a term of one year and covers claims duly reported during that year. There must be a policy or ERE in effect at the time the claim is reported to us.
Prior acts coverage is coverage for acts or omissions occurring before the policy effective date. If you have been continuously insured with us, with no lapse in coverage, you will retain your prior acts coverage. The prior acts coverage date for each attorney is stated in the individual's Prior Acts Limitation Endorsement.
An Extended Reporting Endorsement – often called an “ERE” or “Tail Coverage” – is an endorsement to your policy that provides a period of time to make or report a claim after a policy expires or is cancelled, or after an attorney is removed from a policy. Lawyers Mutual offers two options for this: (1) a 4-year period of time to report claims (to correspond to the current Statute of Repose for legal malpractice in NC), or (2) an unlimited period of time to report claims. Note that while an ERE extends the time to report a claim under the last policy insuring you, it does not cover against acts/errors/omissions occurring after your coverage under that policy ended.
As a benefit of being a long-time insured and meeting certain underwriting criteria, an ERE may be available at no cost or a reduced cost to an attorney leaving the private practice of law. For additional information, please see our article "Maintaining Continuous Coverage," and contact our Underwriting Department at 1-800-662-8843 for further information or with any questions about maintaining your professional liability insurance coverage.
Yes. We also offer a Mediator Policy for attorneys who do not need a professional liability policy.
Yes, and you may qualify for a substantially reduced premium.
You can change your firm name, address or contact information by submitting your request in writing to Lawyers Mutual.
If you are adding an attorney, have the attorney complete and submit an "Additional Lawyer/Supplemental" application, which can be found on our web site under "Policy And Application" section.
If you are removing an attorney, please submit your request in writing (email is fine), giving the name of the attorney and the date he or she was no longer employed with your firm. As a professional courtesy, please send the attorney a copy of this request.
If you add an attorney, we will send you a Quote/Invoice for the additional premium due. This premium is prorated. When the additional premium is paid, the firm will receive an endorsement stating that the attorney has been added as an Insured under the policy.
If you remove an attorney from your policy, you will receive a prorated refund of premium paid. However, if the firm has an unpaid balance, the refund is applied to the balance due.
Please notify us in writing if you have added a paralegal, investigator, title searcher, patent agent, law clerk or legal assistant.
Changes in areas of practice will be updated when you send us your Re-issue Application. However, if you are considering a representation that involves a new area of practice for your firm, please contact us.
If you wish to increase the limits of liability under your policy, contact us, and we will tell you what we need to determine whether your coverage may be increased.
Lawyers Mutual does not issue Certificate of Insurance. Upon your request, we can provide a 'Confirmation of Insurance."
Requests need to be received in writing. We want to confirm that the request comes from you. You can email us or fax us at 919.677.9641.
Please contact our Underwriting Department by calling 800.662.8843.