What is the Hammer Clause? The hammer clause is a common provision in errors and omission (E&O) insurance. An insured is sued by a client for an error when providing professional services. After careful analysis of the allegations, the insurer recommends an offer to settle the claim. The insured, however, chooses not to settle the…
What are some common E & O claims? Being an attorney comes with its own set of risks. The risk inherent is increased by the fact that you rely on other attorneys and support staff, work with counsel outside your firm, refer cases, and accept referrals. Every case you handle will present a potential legal…
What is E&O Insurance? Your Ultimate Guide to Errors and Omissions Insurance It’s designed to provide coverage or shield lawyers from financial losses arising from lawsuits instituted by clients for perceived errors stemming from their practice. A liability policy pays on behalf of the “Named Insured.” Read on to find out what is E&O insurance,…