Notice of Circumstance
Telling your insurer about a situation that could lead to a claim before anyone has made a demand. On many claims-made policies, a proper notice can tie a later claim to the policy in force when you reported it.
What it means for your firm
Examples include a client complaint about your work, a problem found during construction, or someone mentioning attorneys. Each policy defines what a circumstance is and what the notice must include.
Reporting early does not admit fault. It gives the insurer a chance to help before the situation hardens. Whether and how a later claim attaches to the policy depends on the policy wording.
Guides that use it
Articles that explain it
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.