Overview
Our specialist lawyers’ team insures law firms with areas of
practice that traditionally have had difficulty obtaining quality
long term coverage from US domestic markets.
Our clients include firms specialising in plaintiff, class action,
intellectual property, entertainment, family law and collections
work. They run from small local law firms to nationally known
practices that are among the most successful law firms in the
US.
Our business is underwritten on a surplus
lines basis by a dedicated experienced team at Lloyd's.
Details
Coverage
Professional liability
We will pay these losses
Subject to the terms and conditions of the
actual policy, we will pay claims for:
- Damages awarded against the assured
- Defence costs and expenses
Limits available
- From US $500,000 to US $15,000,000
- Aggregate costs inclusive limits
- Each and every costs inclusive
deductibles
Additional coverage benefits
- Latest LAW08 policy language
- Broad definition of claim
- Cover for predecessor firms
- Cover for ex lawyers and partners for the
work on behalf of the firm
- Cover for contract lawyers
- Policy language designed to minimise disputes
and cover what matters
- Options for world-wide coverage
- Renewable ERP options with annual limits and
options to amend limits and deductibles
Target market
Firms specialising in plaintiff, class action,
intellectual property, entertainment, family law and collections
work. They run from small local law firms to nationally known
practices.
Information needed to obtain a quote
We require an up to date Lloyd's or domestic
application form showing gross revenues, lawyer count and at least
five years claims information. For renewal clients, we have a two
page application form.
Your premium indication is based on
A range of variables, including:
- The number of attorneys
- The types of services the firm is providing
- The firm’s clients’ profiles
- Claims experience
- Risk management policies and procedures