Attorneys face a number of E&O claims – from administrative errors, to allegations of abandoning representation, or failing to address the client's needs in any way. The American Bar Association (ABA) estimates that attorneys will have at least three legal malpractice claims brought against them in the course of their careers. Lawyers Professional Liability (LPL) insurance is designed to provide coverage for claims that arise from "wrongful acts" committed in the rendering of legal services in the lawyer’s capacity and generally provide both indemnification coverage and claims expense coverage.
The RPS Plus Lawyers Insurance product has limits available from $250,000 each loss/aggregate to $5M each loss/aggregate.
Coverage highlights include:
- Claims-made and reported
- Automatic 30-day ERP extension
- Claims cost in addition to limit
- First dollar defense
- Annual aggregate deductible
- Supplementary payments in addition to limit with zero deductible
- Automatic coverage for independent contractors
- ERP option 1 to unlimited years
- Preclaim hotline
Available in all states except AK, CA, HI, LA and OR. We do not write sole practitioners, firms whose AOPs include oil/gas/mining, real estate development/syndication, securities, tax shelters, water loss or risks with poor claims experience.