Coverage Highlights
• Expansive definition of professional services
• Protection for innocent partners and automatic inclusion of contract, of counsel and former attorneys doing work on behalf of the firm
• Prior acts coverage
• Disciplinary proceeding coverage
• Subpoena assistance coverage
• Third-party cyber liability and social engineering
claim coverage
• Crisis management expenses
• Broad definition of personal injury offense, including misrepresentation in advertising
• Non-practicing extended reporting period
• Up to $25,000 deductible credit for voluntary mediation
• Insured’s consent is required to settle. 50/50 modified consent to settle clause
• Broad definition of damages
• High-quality claims service
• Risk management services available for qualifying risks
Coverage Limits
Policy limits/capacity
- Maximum capacity: $10 million per claim / $20 million aggregate
- Minimum deductible: $5,000
Appetite & Availability
Target risks
- U.S. law firms with 10-250 attorneys (primary) or more than 10 (excess)
- Admitted product available in most states for qualifying risks (subject to state approval)
- Non-admitted (surplus lines) product available for hard-to-place risks, including firms with claims issues, difficult areas of practice, disciplinary issues or unusual coverage requests
- Will consider lead or participating quota share coverage with qualified carriers
Non-targeted risks
- Firms with fewer than 10 attorneys
- Firms specializing in intellectual property, securities (including
IPOs), entertainment
Geographic availability
We can write on an admitted basis in the following states:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Washington
- West Virginia
- Wisconsin
- Wyoming
Coverage is always subject to all of a policy’s terms and conditions. This is a summary of certain key aspects of coverage. Review the policy form for complete terms and conditions. Products are underwritten by U.S. insurers that are members of Argo Group. Some products are only available through an authorized surplus lines insurer.
