Finding Common Ground in Professional Liability Defense Strategies

Early alignment among carriers, insureds, and panel counsel turns professional liability defense from a cost-driving marathon into a targeted sprint—cutting litigation expenses, preserving policy limits and excess layers, and smoothing the path to renewal. By tapping pre-approved firms motivated to settle efficiently, insurers leverage volume-discounted rates while insureds avoid the perils of over-lawyering and unexpected personal exposures.

Underwriters prize swift resolutions backed by data-driven risk assessments; drawn-out cases and runaway fees translate into higher retentions, tighter terms, and steeper premiums. For a closer look at real-world examples, best practices for establishing panel-counsel partnerships, and actionable tips to align defense strategies, read the full CLM article.