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LAWYERS PROFESSIONAL LIABILITY RENEWAL APPLICATION NOTICE: THE POLICY FOR WHICH YOU ARE APPLYING IS A CLASSMATE POLICY. THE POLICY COVERS ONLY CLAIMS FIRST MADE AGAINST THE INSUREDS DURING THE POLICY
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How to fill out claims-made policies may cover
How to fill out claims-made policies may cover
01
Understand the coverage limits and exclusions of the claims-made policy.
02
Report any potential claims as soon as possible to the insurance company.
03
Keep detailed records of all incidents that could potentially lead to a claim.
04
Be aware of the retroactive date of the policy, as claims must be reported within that timeframe.
Who needs claims-made policies may cover?
01
Professionals such as doctors, lawyers, consultants, and architects who may be at risk of liability claims.
02
Businesses that provide services or advice to clients and need protection against potential lawsuits.
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What is claims-made policies may cover?
Claims-made policies may cover damages or losses that occur during the policy period, regardless of when the claim is filed.
Who is required to file claims-made policies may cover?
Policyholders are required to file claims-made policies to report any potential claims or incidents that may result in a claim.
How to fill out claims-made policies may cover?
To fill out claims-made policies, policyholders must provide detailed information about the claim or incident, including dates, parties involved, and a description of the potential damages.
What is the purpose of claims-made policies may cover?
The purpose of claims-made policies is to ensure that policyholders are covered for any claims or incidents that occur during the policy period, even if the claim is filed after the policy has expired.
What information must be reported on claims-made policies may cover?
Policyholders must report information about the claim or incident, including dates, parties involved, and a description of the potential damages.
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