Module 15: Lawyers Professional Liability (CE-Eligible)

This module is eligible for CE credit for those who have insurance licenses. If you don’t have a license or don’t need CE credit, please purchase the non-CE eligible module instead. Both CE- and non-CE eligible modules count equally towards PLUS designations and/or certificate programs.

If you select this CE-eligible module, you’ll be required to do all of the following to receive credit:

• Purchase both the CE-eligible module ($325) and the separate CE-eligible exam registration ($75)
• Complete the CE-eligible module online in our LMS
• Complete the cumulative CE-eligible exam in a proctored setting with Prometric within 365 days of purchase
• Submit your CE Request Form within 5 days of completing the CE-eligible exam

Module 15 | Lawyers Professional Liability
The legal profession faces unique professional liability challenges and this module begins by explaining the need for Lawyers Professional Liability (LPL) coverage. The requirements for admission to the Bar, the role of the Bar in regulating the legal profession, elements of legal malpractice and types of legal malpractice claims are addressed. The module explains the duties of employed lawyers and specific characteristics of insurance coverage for them. The underwriting process and how to analyze important factors in assessing LPL exposures are explained. The module reviews sample LPL applications, rating worksheets, key rating considerations, and the key sections and provisions of a typical LPL policy. It describes the steps in the LPL claims management process and the particular challenges encountered in managing these types of claims. The module reiterates the importance of risk management and explains the types of risk management programs that help lawyers effectively manage their professional liability risks. The material is capped with a discussion of issues and trends affecting the LPL marketplace today.

Module and exam copyright date: 2021

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