Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

claims-made policy

Read a random definition: faeder-feoh

A quick definition of claims-made policy:

A claims-made policy is a type of insurance contract that covers claims made during a specific period, regardless of when the incident occurred. This means that if someone makes a claim during the policy period, even if the incident happened before the policy was in effect, the policy will cover it. It is also known as a discovery policy.

A more thorough explanation:

A claim-made policy is a type of insurance policy that provides coverage for claims made during a specific period, regardless of when the incident occurred. This means that if a claim is made during the policy period, the policy will cover it, even if the incident happened before the policy was in effect.

For example, if a doctor has a claim-made policy and a patient sues them for malpractice during the policy period, the policy will cover the claim, even if the alleged malpractice occurred before the policy was purchased.

Another example is professional liability insurance for lawyers. If a lawyer has a claim-made policy and a client sues them for legal malpractice during the policy period, the policy will cover the claim, even if the alleged malpractice occurred before the policy was purchased.

Claim-made policies are often used in professional liability insurance, such as medical malpractice insurance, errors and omissions insurance, and directors and officers liability insurance. They are different from occurrence policies, which provide coverage for incidents that occur during the policy period, regardless of when the claim is made.

Claims Court, U.S. | claim the floor

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
LSD+ is ad-free, with DMs, discounts, case briefs & more.