Founders Specialty believes that claim free law firms should be rewarded for running their business well!
For each year that your firm remains claim free, your retention is reduced by 10%, up to a maximum 50% reduction over five years. This could result in significant savings in the event your firm has a claim.
For each year that your firm remains claim free, $50,000 of an additional claims expense limit is added, up to a maximum of $250,000 over five years. This helps preserve your primary limits to satisfy any payments for damages.
So will a minor incident wipe all these benefits? No! A firm will still be considered "claim free" in determining eligibility for these benefits if any matter reported to the carrier has total incurred for damages and claims expenses of less than $5,000. Better yet, the amount of total incurred increases by $5,000 each year the firm renews with the carrier, up to a maximum of $25,000 over five years.
SO EACH YEAR YOU REMAIN CLAIM FREE, THE BETTER
THESE REWARDS GET!
ISN'T IT NICE THAT YOU CAN BE REWARDED FOR DOING
WHAT YOU ALREADY DO SO WELL?