Milwaukee Bar Association
747 North Broadway
Milwaukee, WI 53202
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Anatomy of a Legal Malpractice Insurance Policy

November 12, 2019
12:00 PM to 1:30 PM
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Milwaukee Bar Association
747 North Broadway
Milwaukee, WI 53202
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Anatomy of a Legal Malpractice Insurance Policy

Presenters:  
Matt Beier and Tom Watson, Wisconsin Lawyers Mutual Insurance Company

Professional liability policies are claims-made-and-reported policies, not occurrence policies.  Most of us are more familiar with occurrence policies:  that is, if an insurance policy is in effect when the accident happened - the car crash or the fire - there is coverage for the claim.  Claims-made-and-reported policies operate very differently.  In order to have coverage under a claims-made-and-reported policy, there needs to be a policy in effect at the time a reasonably prudent lawyer knew or should have known of an error or omission.  In addition, notice in writing must be given to the carrier.  Both of those events must happen during the policy period in order for there to be insurance coverage.  Many lawyers are unaware of the fact that most professional liability policies are written for a one year period.  Each policy is separate, meaning that any claim or potential claim must be reported during the policy period in which the lawyer first becomes aware of the probability of a claim or potential claim.

 

Credit: 1.0 CLE credit to be applied for
Registration & Lunch: 
12:00 - 12:30 PM
Presentation:
 12:30 - 1:30 PM
Location: MBA - 747 North Broadway

Tickets

$40.00 MBA member

$52.00 MBA member w/lunch

$75.00 Non-member

$87.00 Non-member w/lunch

$0.00 Newly Licensed (within last 5 years)

$12.00 Newly Licensed (within last 5 years) w/ lunch