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...