Professional liability

What the review should address

• Whether the stated services include your leasing and management activities
• The retroactive date and reporting terms when changing policies
• How defense expenses affect the available limit
• Contractual promises that go beyond the insured professional duty

Where the wording matters

Property damage and bodily injury can sit outside a professional liability form. Nor does accepting an obligation in a management agreement automatically bring that obligation within coverage.

Have these facts ready

• A description of services by agreement
• Current policy and endorsement names
• Prior coverage dates and known disputes

Prepare for a discussion