Law firms renewing or replacing their current legal malpractice policy may be tempted to relegate the significance of the insurance application. Filling out the application may seem like just another administrative task, but make no mistake—accurate completion of the application is paramount.
This is because the information provided in the application can be the basis of rescission of a policy in its entirety, even for attorneys who have done no wrong, have never seen the application, and are unaware of any errors in the application responses.
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