Understanding Professional Liability Policies

Summary:
Understanding Professional Liability policies can feel like being in a house of mirrors: you think you know what you’re looking at, then everything shifts and you realize that things are not as they seem. This session will address some of the key differences between Professional Liability and other liability policies.

Takeaways include:

• Occurrence vs. Claims-Made and Reported Coverage
• Claim Reporting vs. Notice of Circumstances
• What to expect after reporting circumstance that may give rise to a claim
• What to look for in a Professional Liability policy that encourages your clients to give notice of circumstances

Guest Speaker:
Anne Herriotts has 24 years of insurance industry experience, primarily as an adjuster handling commercial liability claims. Anne continues to work as an adjuster with Sovereign General Insurance Company, focusing on commercial liability. She holds certificates from the Professional Liability Underwriting Society in Professional Liability Insurance and Cyber Liability. She has previously spoken at RIMS Canada about Vexatious Litigants as well as at the Insurance Institute of Canada on Professional Liability.

RIBO Accreditation: 1 Technical Hour (Pending)