Admitted

• Mutual choice of counsel
• Coverage for punitive damages on a “most favorable law” basis
• Provides a 50% reduction in the deductible if the claim is settled through mediation (subject to a $25,000 maximum)
• Crisis event coverage
• Pre-claim assistance
• No deductible for claims from pro bono work
• A “soft” hammer clause
• High loss of earnings and disciplinary defense coverage limits
• Free retirement tail with no minimum retirement age
• Free death / disability tails
• 1, 2, 3, 5 year and unlimited tail options included in policy (including a 60 day automatic ERP)
• Express coverage for malicious prosecution under the definition of personal injury
• Up to $5 million in capacity
• Claim Expenses Outside Limits available to qualifying firms
• Loss Only and Aggregate Deductibles available to qualifying firms
• Subpoena assistance coverage
• Liberalization Clause
• Prejudgment and post-judgment interest (where allowable by law)
• Coverage for independent contractors and of counsels
• Ownership interest in clients up to 20%

Surplus Lines

Primary:

• Expansive definition of “professional services”
• Full prior acts and predecessor coverage available at the underwriter’s discretion
• Supplementary coverage available including:
  • Crisis event coverage up to $20,000 per event
  • Disciplinary proceeding defense up to $30,000 per proceeding
  • Loss of earnings up to $500 per day / $15,000 per claim
  • Subpoena coverage up to $25,000
• Named insured has the right to consent to settlement
• Reduced deductible for claims settled using mediation
• 50/50 softened hammer clause
• No deductible for claims arising from pro bono services
• Punitive damages coverage (if insurable under applicable law)
• Various tail options available, such as 1, 2, 3, and 5 years; Free retirement tails; Free death / disability tails

Excess:

• Limits up to $5,000,000 per claim / $5,000,000 aggregate
• Follow form excess policy
• Attachment Points
  • @ $5m for 6-29 attorney firms
  • @ $10m for 30-50 attorney firms