Allied World LPL Assure can address the evolving insurance needs of law firms in several important ways. As a total market solution and “go-to” leader in the Lawyers Professional Liability (LPL) segment, LPL Assure offers competitive rates, streamlined processing, and a value-added risk management program. Designed for a broad spectrum of law firms, we can entertain a broad range of firms in virtually all areas of practice.
Product Features:
- Primary limits up to $5M
- Coverage is underwritten by Allied World Insurance Company (AWIC) – rated A (Excellent) XV by AM Best
- A broad definition of Legal Services
- Provisions specifically addressing Privacy and Network Security Wrongful Acts with coverage up to the full policy limit for no additional premium
- $25,000 Supplemental Privacy Coverage for Crisis Management, Notification & Credit Monitoring, and Data Forensics Expenses
- Several limit options up to $5 million available, including options for Claim Expenses Outside the Limits (CEOL)
- Several aggregate retentions available
- Up to $500,000 of Non Profit Excess Outside Directors Liability included within the policy limits
- Coverage for reasonable fees, costs and expenses incurred in responding to Disciplinary Proceedings: $20,000 per disciplinary proceeding and $60,000 per Policy Period.
- Lost Earnings reimbursement coverage of $500 per Insured per Day, $15,000 per Claim, and $30,000 per Policy Period. This coverage is in addition to the limits and no retention applies
