Sarah: And WILMIC’s version?
Matt: WILMIC’s updated endorsement provides coverage for lawyers who retire while still covered on an active WILMIC policy. It gives firms a responsible and meaningful way to protect retiring lawyers—while maintaining the integrity and sustainability of the overall policy.
Sarah: Does this replace the option for individual lawyers to buy their own tail coverage?
Matt: Not at all. We still believe that individual tail coverage is the most secure and effective form of protection for retiring attorneys and attorneys who leave a firm for any reason. But this endorsement provides an alternative that some firms may find more practical—especially if they want to extend coverage as part of their internal transition planning.
Sarah: Sounds like both endorsements are about flexibility and added protection.
Matt: That’s right. It’s about giving our policyholders more tools and options to manage risk in a way that works for their practice structure and their long-term goals.
Sarah: Final thoughts for policyholders considering these new options?
Matt: Review these endorsements in the context of your firm’s needs, and don’t hesitate to reach out to WILMIC. Our team is happy to walk firms through the details and help determine if these endorsements make sense for their unique circumstances.