Our exclusive agency relations with CNA for firms with up to 50 attorneys gives you better value in both service and price. No other California Insurance Agency has direct access to CNA’s Lawyer’s Professional Liability Program.
Exclusive Benefits:
Broad definition of "Legal Services"
Broad definition of "Insured"
Broad Settlement Clause
50% reduction of the deductible, up to $25,000 if the insured utilized an engagement letter
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What does Lawyers' Professional Liability Insurance cover?
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.
Typical policies may feature:
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