Mid Term Additions/Deletions:

Each malpractice insurance company has different requirements for the Mid Term Addition of attorneys and/or the Mid Term deletion of attorneys. The general rule is that there is no additional charge when adding an attorney to your firm with date of hire coverage during the mid term of the policy. By the same token there is no refund when an attorney is removed mid term from the policy. The underwriters consider it a “wash”. However, some companies make an exception if the change is made within 30 days after the effective date of the policy. In addition, at least one company charges for each mid term addition and refunds for all departures.

You should contact Kaestner & Berry immediately when there is a mid term change at your firm and we will make sure you obtain the most value for your coverage.