Glossary
A latent defect is one that is concealed or inactive and cannot be discovered by ordinary examination.
Read MoreA lateral hire is an attorney who enters the law firm, typically from another law firm, at the same level as they were in their old firm.
Read MoreLaundry listing is the reporting of all possible claims (or incidents that could later produce claims) to an insurer under a claims-made policy that is about to expire, be canceled, or be nonrenewed.
Read MoreLawyers professional liability coverage provides attorneys with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing professional legal services.
Read MoreLaw enforcement officers liablity provides errors and omissions (E&O) coverage for police departments.
Read MoreThe law of large numbers is a statistical axiom that states that the larger the number of exposure units independently exposed to loss, the greater the probability that actual loss experience will equal expected loss experience.
Read MoreLay-up warranty is a provision in yacht policies that stipulates periods of time when the yacht will be laid up in port and not in operation.
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