Educational Resources from AP Specialty


To help you gain additional insight about the Professional Liability/Errors & Omissions marketplace, we have provided you with articles written by legal and insurance experts in this field, including AP Specialty’s founder, Frederick Fisher. We will continue to add to this section as part of our commitment to keep you updated with the latest in the Professional Liability space.

Claims Made Coverage

  • Errors & Omissions
    • An Annotated Lawyers Professional Liability Policy
      This Article by David A. Grossbaum, Esq., a Partner at Hinshaw & Culbertson LLP examines and annotates a Claims Made Professional Liability policy. While focused on a Lawyers Professional Liability form, some of the coverage issues raised may also impact other types of Professional Liability policies as well.  The opinions are exclusively those of the author(s). The article is reproduced with permission from the authors and Hinshaw & Culbertson LLP further reproduction is prohibited, and is to be used only for the personal use of the reader. Copyright© 2008 Hinshaw & Culbertson LLP
  • General Information
    • A Few Words About Your Claims Made Policy
      Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.   There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them.
    • A Review Of Claims Made Series
      Re-Printed with the Permission of MyNewMarkets.com and Insurance Journal, we are pleased to provide the complete 5 Part Series on Claims Made Policies authored by Frederick Fisher and edited by Chris Boggs.  This important series documents the 40 year + History of the Claims Made Form and examines the many problems that currently exist.
    • Absolute Exclusions-Unintended Results
      An articled published by Frederick Fisher is a three-part series on the “Unintended Results of Absolute Exclusions” that making their way into E&O Policies. The first part explored exclusionary wording in insurance policies. The remaining installments explored examples of the impact of exclusions on claims and the dangers to agents. The series ended with solutions to policy exclusions.
    • Prior-Pending Exclusions in the E&O Form
      This article was published in the Quarterly Update section of Professional Liability Insurance (PLI) and is provided with the permission of the International Risk Management Institute (IRMI). PLI is the only reference manual on Professional Liability Insurance as published by the International Risk Management Institute (IRMI).  Since 1990, this three- volume set has been the leading source of general information on Professional Liability Insurance and was once the source material for the RPLU program sponsored by the Professional Liability Underwriting Society. Frederick J Fisher, the author of the Prior-Pending Article has been the Senior Technical Advisor to PLI since its publication in 1990.  This article explores the dangers to insureds and their brokers that can arise from selling an Error & Omission policy that contains a prior-pending exclusion of inception when prior acts coverage is also provided.
    • What to Expect When You Submit a Claim
      Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.  There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them.
    • Technical Aspects of Professional Liability Claims
    • Claim Auditing
    • The Risks Inherent in Diminishing Limit Policies