The Importance Of Knowing What Is “The First Notification of Claims Made Policy”
‘Claims made’ policies are policies commonly associated with professional liability policies, such as Directors & Officers (D&O), Employment Practices Liability (EPL), and other miscellaneous professional liability policies including Lawyers Professional Liability. With an executive policy, it is critical to follow the “claims made” requirements. There are applicable exclusions if the carrier is not noticed when FIRST becoming aware of “circumstances that could give rise to a claim”.