Protect Yourself with Innocent Insured Coverage

It is important to be familiar with the innocent insured coverage that is included in your lawyer professional liability insurance. This coverage can help to save your practice, your career and your funds. There are a few simple steps to make sure that you will be properly protected with your innocent insured coverage.

Know Your Policy

The level and scope of coverage may vary for different insurance plans. It is important that you take time to read your plan and become familiar with not only what is covered, but also with the proper protocol that you must follow to qualify for the coverage in the case that you need it.

Follow Proper Procedures

Each policy should outline the proper reporting methods that you should take in the case that you need to enact your coverage. Be sure to follow each step to the letter to make sure that there are no gaps that could leave you uncovered.

Keep Proper Documentation

Once you realize that you may need to utilize your coverage, start keeping notes immediately for your reference and to aid in your credibility. Also, start collecting evidence if possible.

There is no reason for you to suffer due to the dishonest practices of others. For that reason, the innocent insured coverage is available in most lawyer professional liability insurance policies. By following the aforementioned steps, you will be sure to receive the coverage and safeguard your business.

 

photo credit: hazzeltoz cc
This post was written by , posted on January 14, 2015 Wednesday at 5:15 pm

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