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professional liability
Dare we say it?! There are signs of a hardening market in healthcare. February 2020 For those of you that have been around as long as I have, you’ve most likely experienced a “hard market.”  For those of you that haven’t, you might be asking, just what is a hard market?  IRMI defines it as...
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Why Use a Wholesale Insurance Broker? Why Use FoundersPro? Why would an insurance agent need to use a wholesale insurance broker? Maybe the agent doesn’t have access to specific insurance markets, or knowledge on a specific industry or line of insurance. That’s when it’s time to turn to a wholesale insurance broker. Wholesale brokers can...
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Do You Carry Enough Insurance to Work with Us? What do you do if a project comes along that you want to bid on, but you don’t have enough insurance in place to comply with the contract? It’s becoming more and more common for Architecture, Engineering, and other Design firms to bid on contracts that...
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5 Risk Management Procedures Your Law Firm Needed Yesterday Last year, I wrote an article on the importance of risk management in law firms, and why it is necessary to help firms run more smoothly, and, above all, avoid claims. But understanding that risk management is important is just a piece of the puzzle. Knowing...
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So, here’s the scene: Peter, a Real Estate attorney in southern California, is having drinks with a friend from law school, Blaine, also an attorney who specializes in Real Estate.  Both have been practicing law for several years and have small boutique law firms in the area.  They’re in a packed, trendy LA cocktail lounge...
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Contract review for A&E firms
The Importance of Contract Review for Your A&E Firm While there are many ways an Architecture, Engineering or Design Firm can manage their risk in providing their services to a 3rd party, a thorough contract review is of utmost importance. With the complex services offered by A&E firms, coupled with the sometimes-challenging projects, an A&E...
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Repairing Gaps in Claims-Made Policies In the world of claims-made insurance policies, the retroactive date, or prior acts date, is everything to your insured. This is the date that starts uninterrupted claims-made coverage, with the insurance company the insured is currently with, no matter the company the insured started the retro date with. A claim...
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When is the right time for lawyers to purchase an ERP? Founders Professional is a national wholesale insurance brokerage focused exclusively on the placement of professional liability insurance. We have extensive expertise in Architects & Engineers, Cyber, Technology, Financial Institutions, Lawyers, Healthcare, Management Liability, and Miscellaneous Professional lines. One of our five Practice Groups is...
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It was way back in 1996 when California became the first state to legalize medicinal cannabis with Proposition 215.  Over the next 16 years, state after state followed, in one form or another, until Colorado and Washington legalized recreational marijuana in 2012, followed by Oregon, Nevada, Maine, Massachusetts and, of course, California.  Today, it’s much...
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The StarStone Admitted Lawyers Professional Liability Insurance Program is Now Available in California via Founders Professional A competitive new option in lawyers professional liability insurance for law firms with 1-20 attorneys, including part-time attorneys, in the State of California. ** This program is not targeting law firms in the Counties of Los Angeles, Ventura, Orange...
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