A Different Use for Your Malpractice Insurance Application

September 25th, 2012 by Jim Cotterman

I suspect that for many professional firms the malpractice insurance renewal application is not something to look forward to.  That was not the case for a member of the AICPA’s professional liability insurance committee.  That intrigued me, so I read more of the article.

Law firms can benefit from this insight.  I regularly request the application as part of merger due diligence to understand the firm’s practice as well as its known and anticipated claims.  As an overall picture of a firm’s business, is quite comprehensive.  Using that snapshot to evaluate and manage the associated risks (as the article suggests) is a tremendous opportunity. 

This entry was posted on Tuesday, September 25th, 2012 at 5:23 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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