Lawyers Professional Liability. Lawyers have professional liability exposure on
every case for which they provide services. The threat of a lawsuit is always a possibility
for any professional, regardless of actual liability. When a lawsuit occurs, law firms are
faced not only with defense expenses that could reach six-figure amounts, but they also are
faced with a settlement or jury verdicts that often reach into millions of dollars.
Supplemental Lawyers Coverage Products
Legal services have never been in greater demand. Increasing opportunities allow
law firms greater rewards from their growing businesses. Ever-increasing global competition
also drives law firms to offer a broader array of worldwide services to meet their clients'
often-complex needs. This seemingly lucrative combination of increased opportunity and broader
services actually subjects law firms to greater exposure to lawsuits over actual or perceived
errors or omissions in their services.
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First-Dollar Defense
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Defense Outside of Limits
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Of Counsel Coverage
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Choice of Legal Counsel
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Aggregate Deductible
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Career Coverage
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Multi-Year Policies
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Tail Coverage Options
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You will find the CMI LPL team helpful and knowledgeable - our expertise and market accessibility in this arena is second to none. We strongly believe
that it is not enough to simply procure quotes for your clients. We feel that attention to detail, such as breaking down the strengths of coverage between
carriers or providing each carrier’s AM Best rating , coupled with our ability to negotiate pricing and coverage, are the things that set us above our
competition.
Furthermore, we have access to a number of carriers who can provide excess LPL limits, and we are able to help you structure a law firm’s coverage with multiple
carriers if it becomes necessary to acquire increased limits.
In addition to a law firm’s professional E&O liability coverage, we would also like the opportunity to provide other important coverages to round-out a law firm’s
total coverage. We are able to provide:
- Workers Compensation & Business Owners Policy (BOP) – We are now able to help address a firm’s workers compensation needs, office general liability, and
employment practices liability (EPLi) exposures.
- Network Security – This product will help address a firm’s network security liability exposures such as information asset coverage, cyber extortion, and
loss of income as a result of computer malfunction.
Lastly, a law firm’s partners, directors, officers, and/or employees may also have Employment Practices Liability (EPLi) exposures such as wrongful termination,
sexual harassment, and discrimination. A stand alone EPLi policy would generally provide broader coverage for these risk exposures relative to a BOP policy.
We at CMI have many EPLi markets that address risk exposure on behalf of law firms. Some of our major EPLi markets are: PIA, Admiral, Chubb, First City, NAS,
and Travelers.
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