Lawyers

Lawyers professional liability insurance (LPL) provides indemnification and legal expense coverage for claims made by third parties who allege wrongdoing in the performance of professional services. Be warned: You can not be careful enough. No matter how groundless or false a suit may be, you are at risk for your legal expenses. Legal representation is costly. Regardless of who wins in court, you will have to pay your legal costs. In addition to legal expenses, if you must indemnify the claimant for his or her financial loss the total cost of a claim could be financially devastating. Common theory of lawyers professional liability claims include; misrepresentation, negligence, fraud / intentional acts, breach of contract (implied or expressed), breach of fiduciary obligations, breach of good faith, and others. Common alleged problems include; specific performance, error in public record search, procedure choice, inadequate discovery / investigation, failure to know / properly apply the law, failure to calendar properly, missed statutes, conflict of interest, failure to obtain consent. / inform client, improper withdrawal / representation, and others.

General Policy Highlights • Free Legal Hotline & Expert Claims Handling • Comprehensive Definition of Professional Legal Services • Broad Definition of Insured • Blanket Coverage For All Of Counsel, Independent • Contractors or Per Diem Lawyers • Predecessor Firm Coverage • Prior Acts Coverage • First Dollar Defense Coverage • Defense Costs in Addition To The Limit of Liability • Unlimited Extended Reporting Period (ERP) Please note: The actual policy, if one is issued, will dictate actual coverage terms, conditions and other benefits. The determination of the obligation to defend by the insurance company turns on both the language of the insurance policy and the pleadings.

LAWYERS