LAWYERs PROFESSIONAL LIABILITY INSURANCE
Lawyers Professional Liability
Legal malpractice claims are growing in frequency and severity. MiniCo’s Lawyers Professional Liability program provides admitted and non-admitted coverage for attorneys providing professional legal services. Our experienced, knowledgeable staff provides responsive customer service and customized coverage to meet the needs of each policyholder.
Target Classes
- 1-25 attorneys with a minimum of one full-time attorney
- Minimum of three years of experience
- No coverage for employed attorneys
- Firms with difficult AOPs to include:
- Environmental
- Intellectual property (no patent prosecution)
- Oil and gas
- Plaintiff including class action
- Real estate
- SEC private placement (no public SEC exposure)
- Adverse claim history
- Declined or ineligible for the admitted marketplace
Coverage Highlights
Admitted Program
- Available in AZ, CO, CT, DC, FL, GA, ID, IL, IN, MA, MD, MI, MO, NC, NH, NJ, NY, OH, PA, RI, SC, TX, UT, and WA
- Ability to quote from competitor’s full application
- Various claim expense options – Claims Expense Outside, Partial Claims Expense Outside, Defense Within
- Broad definition of professional legal services including notary public, title insurance agent, and publication or presentation of research papers or similar materials
- Coverage provided for independent contractors and “of counsel”
- Disciplinary proceedings
- Loss of earnings
- Privacy breach response
- Social engineering claims
- Subpoena assistance
- Soft hammer clause
- Reduced deductible for mediated claims
- Predecessor firm coverage included
- Extended reporting options for 1, 2, 3, 5 years and unlimited; no cost extended reporting for death, disability, or retirement if eligible
Firms Typically Not a Fit for Admitted Program
- Firms with hazardous AOPs to include:
- Acquisitions/mergers
- Bonds
- Collection firms
- Class action/mass tort
- Entertainment
- Environmental
- Intellectual property (C/P/T)
- Investment counseling/tax options
- Oil and gas
- Medical malpractice
- Product liability
- Securities
- High-net-worth clientele
- High percentage of revenue generated from one client
- Joint venture with clients
- Severe claim or incident activity
Non-Admitted Program
- Available in all states
- Ability to process surplus lines filings
- Ability to quote from competitor’s full application
- Broad definition of legal services including lawyer, arbiter, mediator, expert witness, title agent, notary public, lobbyist, and publication or presentation of research papers or similar materials
- Claims made and reported, pay on behalf, and duty to defend policy form
- Coverage provided for independent contractors and “of counsel”
- Crisis event expense
- Disciplinary proceedings
- Extended reporting options for 1, 2, 3, and 5 years; no cost extended reporting for death, disability, or retirement
- Loss of earnings
- Minimum deductible $5,000
- Network and privacy breach
- No deductible for pro bono work
- Predecessor firm coverage included
- Prior acts coverage for qualified accounts
- Privacy breach investigation
- Reduced deductible for mediated claims
- Risk management hotline
- Soft hammer clause
- Subpoena assistance
Key Contact
Michael Attanasio
Senior Vice President, Professional Liability
Get a Quote
Send submissions to lplsubmissions@minico.com
File a Claim
Email: lplclaims@minico.com
Phone: (800) 998-5545