Fillable LAW FIRMS ERRORS & OMISSIONS APPLICATION DATE FIRM (RT Specialty)

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LAW FIRMS ERRORS & OMISSIONS APPLICATION DATE FIRM (RT Specialty)

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LAW FIRMS
ERRORS & OMISSIONS APPLICATION
APPLICANT’S INFORMATION:
LEGAL NAME OF FIRM:
BUSINESS ADDRESS:
COUNTY: WEB ADDRESS:
DATE FIRM
ESTABLISHED:
DATE PRESENT OWNERSHIP
ASSUMED CONTROL:
Corporation Individual Partnership PA/PC Franchise
Insurance History:
1. Current Insure
r
Deductible $
Expiration Date Expiring Premium $
Is Current Carrier willing to Renew?
No Yes
Retroactive Date (Prior Acts)
If requesting prior acts coverage you
must provide a copy of your current insurance declaration page and complete the Prior Acts
Coverage Supplement Application.
2. Requested Limits: $100,000/$300,000 n $500,000/$500,000
$300,000/$600,000 n $1,000,000/$1,000,000
Other $ /
$
Requested Deductible (Per Claim): $2,500 $5,000 $10,000 Other
3. A. Complete the following for all lawyers in the Firm, independent contractor lawyers and "Of Counsel"
lawyers:
Lawyer Name CLE Hours
Past Year
D/C* Date Admitted
to Bar (Mo-Yr)
Years in
Private
Practice
Lawyer’s
Primary Area of
Practice
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
* Designation Code
O Officers, Directors or Shareholders of the Corp. who are licensed as Lawyers E Employed Lawyers
S Sole Proprietor C “Of Counsel” Lawyers P Partners of Partnership I Indep. Contractor Lawyers
B. Are “Of Counsel” carrying their own E&O?
No Yes
E&O-LAW-APP Page 1 of 6
7-04
Submit Form
E&O-LAW-APP Page 2 of 6 7-04
C. Give the number of employees and/or support staff utilized:
Law Clerks Investigators Abstractors Title Agents Accountants Certified Clerical/
Paralegals Secretarial
_____
D. Please attach the following:
Copy of firm letterhead
Copy of five (5) years hard copy loss runs
Copy of current declaration page (if requesting prior acts coverage)
4. Does any lawyer listed above practice in this Firm less than 40 hours per week?
No Yes
If “Yes,” to which attorney(s) does this apply?
No. of Hours
5. Total gross billings: a. Latest Fiscal Year: $
b. Projected Next Fiscal Year: $
6. Please indicate types of Docket Control Systems currently used:
Single Calendar Dual Calendar Computer Master listing Tickler cards Other
7. a. How many individuals in firm are involved in Monitoring Deadlines?
b. How frequently are deadlines checked?
Daily Weekly Monthly Other
c. Does someone other than the attorney handling the case have primary responsibility for
No Yes
maintaining the docket calendar?
8. Is it the firm’s standard practice to use engagement letters when agreeing to represent
No Yes
a claim? If “No,” please provide an explanation:
9. Is it the firm’s standard practice to use non-engagement letters when refusing to
No Yes
represent a client? If “No,” please provide an explanation:
10. Is any lawyer or employee listed above licensed or operating as any of the following:
(% of Total Time Spent)
Accountant %
Escrow Agent % Insurance Agent/Broker %
Mortgage Broker/Lender %
Real Estate Agent/Broker % Title Abstractor/Searcher %
Title Agent %
Do you understand that your insurance coverage does not cover acts related to these operations unless
specifically endorsed?
No Yes
11. a. How does the firm maintain its conflict of interest avoidance system? (check all applicable)
Computer Index File Conflict Committee Other -please describe:
b. How often is the conflict of interest system updated?
_____Daily
Weekly Monthly Other (describe)
c. Does the conflict of interest system disclose attorney-client relationships established No Yes
by newly hired lawyers, partners, predecessor, merged or acquired firms?
d. If any lawyer of the firm becomes aware of a conflict of interest, do they
No Yes
disclose it in writing to all parties involved and all partners?
If “No,” please explain:
12. What percentage of time-not income do you spend in the following areas of practice?
Total of A+B+C+D must equal 100%
A. C.
% Admiralty—Defense % Entertainment, sports or celebrity
%
Bankruptcy % Oil, gas, or mining
%
Collections % Patent, copyright or trademark (PCT)
%
Criminal matters % Plaintiff’s rep. in personal or bodily injury
%
Defense of personal or bodily injury % Plaintiff’s representation in products liability
%
Defense of workers’ compensation % Plaintiff’s representation in workers’ comp.
%
Immigration % Real Estate - Commercial
%
International Law % Real Estate - Residential
%
Mediation % Title/Abstracting
%
Will, estate planning, probate % Domestic Law
%
Family Law % Taxation – Corporate
%
Subtotal (A) %
Subtotal (C)
B.
D.
%
Admiralty other than Defense % Banking, savings & loan, or other financial
institution services
%
Corporation formation/alteration
(Non-SEC Related)
% Bonds, commercial paper, limited
partnerships, or State/Federal securities,
both exempt & non-exempt (Complete
Securities Supp.)
%
Environmental % Real Estate Development and/or
Syndication/Limited Partnership
%
ERISA or Employee Benefits % Securities/SEC (Complete Securities Supp.)
%
Investment Counseling/Money Mgt.
(Complete Financial Planning
Supplement)
%
Other(Describe in detail by attachment)
%
Labor—Employee relations %Subtotal (D)
%
Labor management representation
%
Taxation-individual
%
Utilities/Municipality
%
Mergers/Acquisitions
%
Subtotal (B)
Complete attached
supplemental
application for any
plaintiff’s or PCT work.
13. a. After inquiry with each person as appropriate, in the last seven (7) years, has any professional
liability claim or suit ever been made against the Firm or any predecessor firm or any current or former
member of the Firm or predecessor firm?
No Yes
If “Yes,” how many?
Please attach copies of currently valued Loss Runs
from prior carriers. If “Yes,” complete a separate Supplemental Claim Form for each claim
or suit.
b. After inquiry with each person as appropriate, do you know of any circumstances, acts, errors or
omissions that could result in a Professional Liability claim?
No Yes
c. After inquiry with each person as appropriate, has an attorney for who coverage is sought ever been
refused admission to practice, been disbarred, suspended, reprimanded, sanctioned, or held in
contempt by any court, administrative agency or regulatory body or been subject of a disciplinary
complaint made to any of the aforementioned entities?
No Yes
If “Yes,” please provide a copy of the complaint made to the bar and a copy of their
decision.
* Any person who knowingly and with intent to defraud any insurance company or other person files an
application for insurance or statement of claim containing any materially false information, or conceals
for the purpose of misleading, information concerning any fact material thereto, may be committing a
fraudulent insurance act, and may be subject to a civil penalty or fine.
* not applicable in all states
Applicants Signature Date Producer Title
E&O-LAW-APP Page 3 of 6 7-04
click to sign
signature
click to edit
LAW FIRMS
ERRORS & OMISSIONS SUPPLEMENTAL CLAIM APPLICATION
INSTRUCTIONS:
1. This form is to be completed when the Applicant has been involved in any claim or is aware of an
incident which may give rise to a claim. COMPLETE ONE FORM FOR EACH CLAIM OR INCIDENT.
2. If space is insufficient to answer any questions fully, attach a separate sheet.
3. In lieu of attaching suit papers, please provide a complete narrative description of the litigations and
facts involved.
1. Full name of Applicant:
2. Full name of Individual(s) or firm involved in the claim:
3. Full name of Claimant:
4. Indicate whether: CLAIM SUIT ACT, ERROR OR OMISSION ONLY (No Claim or Suit)
(If suit was filed please provide copy of suit papers)
5. Date and location of alleged act, error or omission:
6. Date of claim:
Date reported to Insurance Company:
7. Additional defendants
8. If closed: A. Total loss paid including deductible(s)? $
Date closed:
B. Indicate whether: COURT JUDGEMENT (or) OUT OF COURT SETTLEMENT
9. If pending: A. Claimant’s settlement demand? $
B. Defendant’s offer for settlement? $
C. Insurer’s loss reserve? $
10. Name(s) of Insurer(s) responding to this claim or incident.
a. Policy Number:
b. Limits of Liability:
Deductible:
11. Provide complete narrative description of suit claim or incident:
A. Description of alleged act, error or omission upon which claim is based:
B. Description of the type and extent of injury or damage allegedly stained:
C. Explain what action(s) have been taken to prevent reoccurrence of a similar claim:
D. Was Engagement Letter used?
No Yes
I declare that the information submitted herein is true to the best of my knowledge and becomes
a part of my Professional Liability Application. I understand that an incorrect or incomplete
statement could void my protection.
____________________________________________________________________________________
Signature of Applicant/Title/Date (Must be signed by a Principal, Partner or Officer of the Firm.)
E&O-LAW-APP Page 4 of 6 7-04
PLAINTIFF LITIGATION
ERRORS & OMISSIONS SUPPLEMENTAL APPLICATION
PLEASE COMPLETE THE FOLLOWING ONLY IF ACTING AS PLAINTIFF’S REPRESENTATIVE AS
NOTED ON THE SUPPLEMENTAL APPLICATION.
1. Describe the types
of cases handled with percentages for each, to total 100%:
Auto Related _________% Medical Malpractice _________%
Admiralty _________% Products Related Injury _________%
Aviation _________% Toxic Tort _________%
Asbestos _________% Sexual Harassment _________%
Bodily Injury _________% Tobacco _________%
(non-medical malpractice) Veterans Issues _________%
Breast Implant _________% Workers Compensation _________%
Discrimination _________% Wrongful Death _________%
General Liability _________% Other (describe):
2. What is the Firm’s average litigation case load per year?
3. What percentage of the Firm’s litigation cases are settled before trial?
%
4. What percentage of the Firm’s litigation cases are tried to a verdict?
%
5. What percentage of the Firm’s litigation cases are handled on a contingency fee basis?
%
6. What is the estimated average dollar size of judgments, awards and settlements $
in the litigation cases handled by the Firm?
7. What is the largest judgment, award or settlement in a litigation case achieved $
by the Firm in the past five years?
8. Does the firm take litigation case referrals from other law firms?
No Yes
If “YES,” please indicate the approximate number of cases and the types involved:
E&O-LAW-APP Page 5 of 6 7-04
9. Does the firm refer cases to other law firms?
No Yes
If “YES,” please indicate the approximate number of cases and the type involved:
10. Has the firm been involved in any class action plaintiff cases within the past five years?
No Yes
If “YES,” please describe the type of case, the injury or loss involved and the number of
plaintiff’s involved:
I/We agree and understand this supplement becomes part of the application which forms a part of the policy.
This information is true and correct to the best of my/our knowledge.
____________________________________________________________________________________
Signature of Applicant/Title/Date (Must be signed by a Principal, Partner or Officer of the Firm.)
PRIOR ACTS COVERAGE SUPPLEMENTAL APPLICATION
Applicant Name:
Address:
1. Are procedures in place that require the documentation of alleged wrongful acts/incidents with a
contemporaneous written report?
No Yes
2. Are such incident reports maintained in a central location?
No Yes
If “No,” describe record maintenance procedures:
3. Name and Title of the person responsible for maintenance of incident report records:
4. Total number of wrongful acts/incidents recorded from
(retroactive date on existing policy)
until
(today’s date)?
5. How many of these incidents have been reported to your current or former insurance carrier?
6. How many of these incidents have NOT been reported to any insurance carrier?
7. What criteria do you use to determine whether or not to report an incident to your current insurance
carrier?
8. Are you or any of your officers, managers, partners or directors aware of any
incidents for which no incident report has been completed?
No Yes
If “Yes,” how many such undocumented incidents have there been from
(retroactive date) until
(today’s date)?
9. On a separate sheet of paper please describe each undocumented wrongful act/incident including a
description of the accident, date, witness, types of injuries, name of injured persons, etc.
10. Attach copy of expiring policy declarations page.
DECLARATION AND SIGNATURE:
The undersigned declares that to the best of his/her knowledge the statements in this application and its attachments are
true. The company is hereby authorized to make any investigation and inquiry deemed necessary in regard to this
application.
Applicant’s Signature Title Date
*SIGNING THIS FORM DOES NOT BIND THE APPLICANT OR THE COMPANY OR THE UNDERWRITING
MANAGER TO COMPANY THE INSURANCE. Application MUST be currently signed and dated to be
considered for quotation.
* Any person who knowingly and with intent to defraud any insurance company or other person files an application
for insurance or statement of claim containing any materially false information, or conceals for the purpose of
misleading, information concerning any fact material thereto, may be committing a fraudulent insurance act, and
may be subject to a civil penalty or fine. * not applicable in all states
.
E&O-LAW-APP Page 6 of 6 7-04
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LAW FIRMS ERRORS & OMISSIONS APPLICATION DATE FIRM (RT Specialty)

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Completed 13 December 2020

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