Coverages
Features
The following list of features is a brief overview of the coverages offered. Please ask your LawyerGuard representative for copies of the policy forms for a full description of coverage.
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Mutual choice of counsel
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Coverage for punitive damages on a “most favorable law” basis
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Provides a 50% reduction in the deductible if the claim is settled through mediation (subject to a $25,000 maximum)
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Offers an individual tail option whereby any lawyer is able to purchase an individual tail for a flat $1,500 when ceasing the practice of law
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Crisis event coverage
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Pre-claim assistance
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No deductible for claims from pro bono work
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A “soft” hammer clause
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High loss of earnings and disciplinary defense coverage limits
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Free retirement tail with no minimum retirement age
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Free death / disability tails
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1, 2, 3, 5 year and unlimited tail options included in policy (including a 60 day automatic ERP)
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Express coverage for malicious prosecution under the definition of personal injury
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Up to $5 million in capacity
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Claim Expenses Outside Limits available to qualifying firms
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Loss Only and Aggregate Deductibles available to qualifying firms
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Subpoena assistance coverage
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Liberalization Clause
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Pre–judgment and Post-judgment interest (where allowable by law)
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Coverage for Independent Contractors and Of Counsels
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Ownership interest in clients up to 20%
Defense Lawyers Professional
If the law firm qualifies for the DRI program (with 51% or more of its area of practice in defense work), it will also receive the following:
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An endorsement to the policy that eliminates five exclusions
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10% reduction in the deductible
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Subpoena assistance coverage uncapped
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An additional premium credit of 10–15%.
Coverage is written on an admitted basis* by QBE Insurance Corporation, part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE insurance companies are rated “A” (Excellent) by A.M. Best Co and “A+” by Standard & Poor’s.
*Subject to state filing requirements