Why you should consider Lawyers' Professional Liability Coverage ...
Lawyers' Professional Liability Coverage helps protect law firms from costly malpractice lawsuits. Law firms that do not carry this coverage leave themselves open to a host of lawsuit possibilities.
USI Affinity's Professional Liability Insurance gives you affordable, broad
coverage tailored to suit the specific needs of your practice.
Choice of Limits and Deductibles
- Limits of up to $15 million per claim/$15 million annual aggregate (depending on firm size and the insurer’s approval)
- A range of deductibles, from $0 to $100,000 (depending on firm size and the insurer’s approval).
What is Covered
- Professional fiduciary, trustee services ordinarily performed by a lawyer
- Arbitration, mediation, notary public and title agent services ordinarily performed by a lawyer
- Defense for personal injury claims arising out of your legal services
- Full Prior Acts available for qualifying attorneys.
Who is Covered
- Attorneys in your firm, including new hires who join your firm mid-term
- Of-counsel attorneys or those acting on a contractual basis for work done on behalf of your firm
- Employees of your firm, including paralegals and investigators for work done on behalf of your firm
- Attorneys and staff of predecessor firms while acting on behalf of your firm
- Retired and disabled attorneys of your firm
- Former attorneys for work done on behalf of your firm.
Lateral Hire Coverage
Attorneys who join your firm will be covered for their prior acts, provided (1) they meet the terms and conditions of the policy and are subject to underwriting approval; and (2) have maintained continuous claims-made coverage while in practice. (This coverage may be excluded from the policy upon your firm’s written request.)
Special Benefits for Sole Practitioners
- Part-time Program specifically designed if you work on average less than 26 hours per week in your own practice
- Extended Reporting Period provides you or your estate with extended protection—free of charge—in the event of total disability or death
- Retiree Benefit provides an Unlimited Extended Reporting Period, free of charge, provided you have had continuous coverage under the USI BR’s Lawyers’ Professional Liability Insurance program, as follows:
- If you retire at 55: you need to have been insured for at least 7 years.
- If you retire at 56: you need to have been insured for at least 6 years.
- If you retire at 57: you need to have been insured for at least 5 years.
- New Attorney Discount may be available if you opened your own solo firm within one year of graduating from law school—a 30% discount in your first year; a 20% discount in your second year; and a 10% discount in your third year.
So protect your firm with broad LPL coverage from A-rated carriers. Call us today at (800) 727-7770 to discuss your firm's needs with an experienced professional liability professional.
Click on the link below to download a helpful policy guide checklist of key features to look for when selecting your professional liability policy.
Download an LPL Policy Guide Checklist.
Underwritten by Zurich American Insurance Company
Program highlights and coverages are subject to underwriting guidelines, are for illustration purposes only and are not to be considered a contract of insurance. Please refer to the policy for complete terms and conditions.