//
archives

Archive for

Extended reporting periods—do I need one?

Because professional liability insurance policies are written on a “claims-made and reported basis,” there is no coverage for claims once the policy has terminated or been cancelled—unless you have an extended reporting period (ERP). An ERP extends the policy to allow for the reporting of claims that are made against you during the term of … Continue reading

Outer Banks and the importance of locating underground utilities

Hatteras and Ocracoke Islands in North Carolina’s Outer Banks are currently under a mandatory evacuation order. Construction crews working on the Bonner Bridge accidentally drove a steel casing into an underground power cable. At this time it is not clear what led the contractor to make the mistake and whether the location of the underground … Continue reading