Overview
Beazley has been underwriting lawyers’ professional liability
insurance in the United States for more than 20 years, focusing on
both large and mid sized firms.
Building on this experience, Beazley has
designed a regional law firm offering to provide comprehensive
coverage at a competitive price for single city general practice
firms with excellent claims experience. These firms, which
may well have a number of satellite offices, will typically operate
within a distinct geographical area and have between 35 and 200
attorneys.
Choosing the right professional liability
insurer is a critical business decision for a regional law
firm. Claims can be severe and protracted, threatening a
firm’s reputation as well as its financial health. Claims
severity and attendant rising defence costs continue to be major
concerns.
Key features of the Beazley service
include:
- Fair and differentiated pricing
- Duty to defend coverage
- Flexibility to offer coverage on an admitted
or non-admitted basis
- Focus on claims service
- Tailored risk management programs
Coverage limits of up to $20 million are
available.
Details
Why Beazley?
We understand the risk profile of law firms.
We have the experience and flexibility to differentiate each law
firm, from the largest to the smallest, to deliver competitive
pricing.
Broad coverage
Our policy is a duty to defend form covering
damages, settlements, judgments, defence costs and expenses related
to professional negligence, breach of fiduciary duty, and errors
and omissions claims. We can also provide coverage for employment
practices liability, management liability, cyber liability and
crime/fiduciary liability.
Flexibility to offer coverage on an admitted or
non-admitted basis
Beazley has historically insured US law firms on a non-admitted
basis, and will continue to do so where appropriate. But coverage
is now also widely available on an admitted basis through Beazley's
A.M. Best A rated US carrier, Beazley Insurance Company, Inc.
Focus on claims service
Expectations are naturally high because our law firm clients
understand liability issues. We have the claims expertise to be
highly responsive and satisfy our clients’ expectations.
Tailored risk management
Our resources include the Beazley Brief newsletter,
claims trends data, and access to a range of high caliber risk
management and loss prevention experts. We are able to tailor our
risk management offering to support and reinforce clients’ own
initiatives and meet their unique needs.
Coverage limits of up to $20 million are
available.
Not all coverages or products described on
this website are available in all US jurisdictions. Some products
are available on an admitted basis in some but not all US
jurisdictions from Beazley’s US insurance company subsidiary, while
other products and coverages may be available in the US only on a
surplus lines basis through licensed surplus lines brokers doing
business with Beazley’s Lloyd’s of London syndicates.
The descriptions contained in these pages
are for preliminary informational purposes only. Coverages will
vary depending on individual state law requirements and may be
unavailable in some states. The exact coverage afforded by the
products described on this website is subject to and governed by
the terms and conditions of each policy issued. The
publication and delivery of the information contained herein is not
intended as a solicitation for the purchase of insurance on any US
risk.