Lawyers Professional Liability

Offered by RPS Signature Programs

Lawyers Offices Lawyers Lawyers E&O Lawyers Professional Liability Lawyers Liability

Description

Attorneys face a number of E&O claims – from administrative errors, to allegations of abandoning representation, or failing to address the client's needs in any way.

The American Bar Association (ABA) estimates that attorneys will have at least three legal malpractice claims brought against them in the course of their careers.

Lawyers Professional Liability (LPL) insurance is designed to provide coverage for claims that arise from "wrongful acts" committed in the rendering of legal services in the lawyer’s capacity and generally provide both indemnification coverage and claims expense coverage.

The RPS Signature Programs Lawyers Insurance product has limits available from $250,000 each loss/aggregate to $5,000,000 each loss/aggregate.

Coverage Features

•        Limits of liability up to $5 million available

•        Defense expenses are in addition to the limit available

•        Annual aggregate deductible available

•        First-dollar defense option available

•        Supplementary payments — in addition to limit at $0 deductible

                     Disciplinary: up to $100,000 per policy period

                     Loss of earnings: up to $50,000 per policy period

                     Rule 11 awards: up to $5,000 per policy period

                     Subpoena assistance: up to $25,000 per policy period

                     Pre-claim assistance

•        Broad definition of legal services

•        Broad "Predecessor firm" definition

•        Innocent party coverage for concealed claims and/or fraudulent acts

•        Automatic 30-day extension period for reporting claims

•        Unlimited extended reporting period option available

•        Lateral hire coverage available

•        Liberalization clause

•        Non-practicing ERP offered for individuals

•        Punitive and exemplary damages covered (to extent insurable by law)

•        Relaxed consent to settle - insurer pays 50%

•        Loyalty discount — 50% discount on extended reporting periods after four years

 

Program Features

•        Insurers rated “A-” by A.M. Best

·      Program management established in 1985

·      Pre-claim hotline

·      Available non-admitted nationwide except Alaska

Details

Has Pen

Carrier Information

Core Specialty

Non-Admitted

Rating A-

Rating By AM Best

Listing Contact

Adrienne Woodhull Area President

Offered By

RPS Signature Programs

23 listings in 50 states + DC

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Availability 50 states

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Covered

Not Covered

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