Program Highlights

Available on a surplus lines basis through a company rated A++XV by A.M. Best

Limits available up to $1,000,000/$1,000,000 (inclusive of defense costs). Higher limits may be arranged.

Minimum per claim deductible starting at $5,000.
Full Prior Acts coverage is available to firms that have been claim free for 18 months and otherwise qualify.
Predecessor in business coverage.
Extended (two way) Reporting Period for 12 or 36 months.
25% minimum earned premium.
Excludes claims for specific investment advice; cross claims in response to an Insured's fee collection action; claims alleging violations of The Fair Debt Collection Act.

Claims must be reported not later than 10 days after the policy period.
Insured's consent to settle is not required.
Coverage is limited to acts on behalf of the named insured or
predecessor.
Includes coverage for of counsels, independent contractors and non lawyers for acts on behalf of the named insured.
Limited innocent insured protection with regard to criminal/wilful acts.
Coverage for potential claims that become claims.
   
The information presented constitutes summaries of selected coverage features and is intended as general information only; it does not contain all of the terms, conditions and exclusions applicable under the policy. Refer to the actual policy form for a complete description of the insurance provided. The precise coverage afforded in individual cases is subject to the terms and conditions of the actual policy as issued and may vary from the general descriptions given above.

 

  

Insurance Program Administered by Lockton Risk Services
P.O. Box 410679 / Kansas City, MO 64141-0679 / 800.250.7876 / info@defenseproliability.com