Entity Shared Limits

The JUA Shared Limits Endorsement allows the insured to reduce premium expenses by dropping his stand alone practice entity policy, and adding the entity to his personal policy. Under the shared limits endorsement the insured shares his limits with the practice entity. He does not share his limits with all the other doctors in the practice, but with the practice corporate entity itself.

If the insured and the practice are named in a suit, the insured’s policy would respond to defend both. If only the practice is named, the insured’s policy will respond to defend the practice.

Some insureds use the money saved by dropping the practice policy to buy higher personal limits when adding the shared limits endorsement. Call or contact the JUA Underwriting Department for more personal guidance on this coverage option.

A Shared Limits Endorsement Request is available for download HERE.