Claims
Notice: Prior claims and incidents.
Coverage via CPAGold™ is offered on a Claims Made and Reported basis. At each anniversary of coverage it is extremely important to ensure that all claims and incidents which might reasonably be believed will give rise to a claim are notified to the expiring carrier. Existing CPAGold™ should take note of the following clause in the policy:
CONDITIONS
9.1 Reporting of Covered Acts That May Give Rise To A Claim
If during the Policy Period, you become aware of a specific Covered Act that may reasonably be expected to give rise to a Claim against you, and if you report such specific Covered Act to us in writing during the Policy Period, then any Claim subsequently arising from such specific Covered Act duly reported in accordance with this paragraph shall be deemed under this Policy to be a Claim made during the Policy Period. Such written notice to us shall include:
- particulars as to the reasons for anticipating such a Claim; and
- the nature and dates of the alleged Covered Act; and
- the alleged injuries or damages sustained; and
- the names of potential claimants, if available; and
- the manner in which you first became aware of the specific Covered Act.
Notice
In the event of a Claim, you shall as a condition precedent to the coverage afforded by this Policy:
- immediately forward to us every demand, notice, summons or other process including institution of arbitration proceedings received by you; and,
- give written notice containing particulars sufficient to identify you and the claimant and full information with respect to the time, place and circumstances of the event complained of, and the names and addresses of the injured and of available witnesses, to us as soon as practicable.
Notice of any Claim or specific Covered Act or all other notices under this Policy shall be given in writing to the address indicated in the Declarations.
Please ensure that all claims and incidents are reported to your current insurer, in compliance with the foregoing clause in writing, ideally by registered or certified first class mail, prior to the expiry of the current policy. This may help to avoid any future date of claim dispute with insurers.
Tracy L. Tucker, Esq.
Senior Claims Counsel
Miscellaneous Professional Liability Claims
XL Insurance Select Professional
14643 Dallas Parkway, Suite 770
Dallas, TX 75254
Phone +1 972-383-7188
Fax 866-262-9002
tracy.tucker@xlgroup.com
www.xlinsurance.com
MAILING ADDRESS (we are a paperless environment):
XL Insurance
P.O. Box 614002
Orlando, FL 32861-4002
***PLEASE INCLUDE CLAIM NUMBER IN YOUR E-MAILS, CORRESPONDENCE, and INVOICES***
