Although the old adage says “April showers may bring May flowers,” insurance folks know something else is blooming in the atmosphere: summer weather. Whether your particular geographical threat is hurricanes, tornadoes, forest fires, mudslides or earthquakes, the arrival of summer heralds the advent of increased weather risk. And thus, as the Zombies sang, it is also the “Time of the Season” for Ordinance or Law Coverage (OLC).

If E&O claims and media accounts are any indication, two gaps lurk to ensnare the unsuspecting insurance practitioner.

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