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Understanding professional liability policy conditions

Posted by Tom Henell on Fri, Jun 24, 2011 @ 10:09 AM

Understanding your Professional Liability policy Conditions is an essential element of your professional liability coverage.

NAPLIA partner, Stephen Vono, outlines when being helpful can backfire.

Many professional liability policies have a condition that prohibits (except at your own cost) making any voluntary admission of liability, settle any claim, assume any obligation, and/or agree to any means of resolution to a dispute without carrier consent. Violation of a policy condition may impact your rights under your policy and limit coverage.

Read Stephen's story to learn more...

Tags: accountants, cpas, professional liability