Professional Liability Insurance for Lawyers
Want to learn more about our Lawyers Professional Liability and other coverages we have for this field?
Benefits of Lawyers' Professional Liability Insurance
It is imperative that a successful organization and its legal staff recognize their real legal risks and then purchase coverage to protect against those risks. That’s where we come in at Liberty!
What does Lawyers' Professional Liability Insurance cover?
Typical policies may feature the following:
- Protection from demands, suits or proceedings for damages or injunctive relief
- Policy may be written as either a “claims made” or “claims made and reported,” and a “duty to defend” or “non-duty to defend” basis
- Responds to licensing proceedings for in-house attorneys to practice law
- Deals with compliance for SOX
- Provides defense against claims alleging wrongful acts
- Wrongful acts and claim definitions are expanded and broad
- Extends to pro-bono or moonlighting work done by in-house lawyers
- Includes full-time on-staff attorneys and contract and independent contract lawyers and support staff members
- Advance of defense costs, even if allegations are found to be groundless
- Coverage extends globally
- Coverage for non-client claims
- Coverage for SEC and regulatory claims
- Punitive damages coverage
- Covers claims from coworkers that arise out of the attorney’s work at the organization
- Covers costs for claims brought by the employer, board of directors and officers
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Want to learn more about our Lawyers Professional Liability and other coverages we have for this field?