Policy Structure
Policy Declarations Page
The front page or pages of an insurance policy that summarize the essential terms, including the named insured, policy period, coverage limits, deductible or retention amounts, retroactive date, and premium. For law firm malpractice policies, the declarations page also typically lists the specific practice areas covered and may identify scheduled attorneys. This page serves as a quick reference for confirming coverage terms and is the document most commonly requested during engagement letter reviews and lateral hire due diligence.
Related terms
Per-Claim LimitThe maximum amount an insurance policy will pay for any single claim, including defense costs if the...Policy PeriodThe span of time during which an insurance policy provides coverage, defined by a specific inception...Named InsuredThe person or entity specifically identified by name in the policy declarations page as the primary ...