Our multi-tiered strategy groups firms according to their risk characteristics and loss experience.
All areas of practice (AOPs) are eligible, except Patent Prosecution.
Other factors considered for segment eligibility: Claims history relative to firm size, fee suits, accounts receivable, client concentration,staff/attorney ratios,and firm revenues.
LIMITS
Primary up to $5 million
JURISDICTIONS
Available through Founders Pro in:
Michigan
Ohio
Alabama
West Virginia
South Carolina
North Carolina
We are committed to being the total market solution and “go to” leader in the Lawyers Professional Liability (LPL) segment. We offer competitive rates and streamlined processing, as well as a state-of-the-art, value added risk
management program. We are able to entertain a broad range of firms in virtually all areas of practice, with 1-25 attorneys (all levels of experience) and annual revenues of $50,000 and above. For the majority of AOPs, we can work off of a competitor’s application to quote and bind a new policy with little to no supplemental information required.
FEATURES & HIGHLIGHTS
Several retention options are available, including zero and aggregate retentions
Claims Expenses Outside Limit (CEOL) available
Broad definition of Legal Services includes title agent, notary public, escrow agent, member of accreditation/ethics, peer review/licensing boards and author/publisher of legal research articles or papers
Broad definition of Claim includes civil proceedings, administrative proceedings and requests to toll or waive the statute of limitations
Coverage for Predecessor Firms, Independent Contractors and Of Counsel
Outside Directors Liability coverage built in to the insuring agreement
Broad definition of Damages specifically includes pre- and post-judgment interest
Disciplinary Proceedings coverage of up to $20,000 per proceeding and $60,000 in the aggregate
Lost Earnings reimbursement coverage of up to $500 per day with a maximum payment of $10,000 per claim and $30,000 in the aggregate
Subpoena Coverage up to a maximum of $2,500
Consent to Settle provision “hammer clause” softened to 50/50
Innocent Insured coverage
Automatic 60 day extended reporting period
Extended reporting period (ERP) options available, including disability, death and cessation of practice
No pollution, mold or asbestos exclusions
Worldwide coverage
Career coverage available
RISK MANAGEMENT
We offer valuable loss control services and risk management information to our policyholders. We
partner with the law firm of Hinshaw and Culbertson, LLP to support each organization’s risk management efforts by
developing strategies that meet everyday professional
challenges. The following services are available:
Risk management web site and CLE programs
Email alerts and The Lawyers’ Lawyer Newsletter
Risk management hotline
Risk management/
loss control audits
FINANCIAL STRENGTH
We with Allied World understand how important it is that a carrier has the financial strength to ensure that it will be there when your clients need us. We believe that Allied World’s “A (Excellent) XV” rating from A.M. Best, conservative balance sheet, expanding scope of operations and solid capital base put Allied World in a superior position to withstand
future economic upheavals and to provide our insureds the protection they need.
Darwin National Assurance Company
1690 New Britain Avenue, Suite 101
