{"id":104,"date":"2017-05-01T02:05:32","date_gmt":"2017-05-01T02:05:32","guid":{"rendered":"https:\/\/rm73v2idht.onrocket.site\/?p=104"},"modified":"2022-11-22T18:49:51","modified_gmt":"2022-11-22T18:49:51","slug":"what-insurance-limits-should-i-carry-as-a-pennsylvania-attorney","status":"publish","type":"post","link":"https:\/\/blog.integrityfirstins.biz\/?p=104","title":{"rendered":"What insurance limits should I carry as a Pennsylvania attorney?"},"content":{"rendered":"<p>A question that frequently arises in the world of professional liability insurance is <em><strong>\u201cwhat limits of liability should a lawyer or law firm carry?\u201d\u00a0 <\/strong><\/em><\/p>\n<p>To me, there is a simple answer to this question.<\/p>\n<p>There are two parts to a set of professional liability insurance limits.\u00a0 The first part is the \u201cper claim\u201d limit of liability.\u00a0 This is the most that an insurance carrier will pay for both the cost to defend any one claim and any subsequent \u201closs\u201d or \u201cdamages\u201d sustained from said claim.\u00a0 It stands to reason that the per claim limit of liability should be enough to cover both defense costs and a payout from a claim stemming from your highest valued case.<\/p>\n<p>The second part of a set of professional liability insurance limits is the &#8220;aggregate&#8221; limit of liability.\u00a0 This is the maximum amount of coverage for the entire policy year.\u00a0 As the per claim limit should be selected to cover the worst of potential claims, your aggregate limit should be enough to cover your most expensive two or three claims.<\/p>\n<p>If you find yourself thinking that your current coverage may not be suited to cover your biggest exposure, consult your broker on what the procedure and cost will be to obtain the limits you need.\u00a0 You may be pleasantly surprised at how little the cost is to improve your coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A question that frequently arises in the world of professional liability insurance is \u201cwhat limits of liability should a lawyer or law firm carry?\u201d\u00a0 To me, there is a simple answer to this question. There are two parts to a &hellip; <a href=\"https:\/\/blog.integrityfirstins.biz\/?p=104\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-104","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts\/104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=104"}],"version-history":[{"count":1,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts\/104\/revisions"}],"predecessor-version":[{"id":105,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=\/wp\/v2\/posts\/104\/revisions\/105"}],"wp:attachment":[{"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.integrityfirstins.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}