Russell Bond & Co., Inc. April 2017  
 
Lawyers Professional Liability
 
Every day your clients face exposures to costly liability claims, simply by doing business.
  
As a legal professional, while they may be committed to their clients, their clients may not always return the favor.  A business has potential exposures as client expectations are increasing, and because of that, lawsuits are becoming more common.  Financial security depends on how well protected they are from a lawsuit or claim. 

Our coverage is specifically designed to offer protection to legal professionals for the array of emerging exposures they face and can help protect the firm against losses resulting from negligence, errors and omissions in the performance of professional services.
   

Key policy benefits:

  • Network and information security coverage (Cyber Liability with a sublimit)
  • Automatic acquisitions coverage
  • Expanded professional services coverage
  • Crisis event expense coverage
  • Claim services and pre-claim assistance
  • Other coverages available as stand alone policies include: Fiduciary / Crime, Cyber Liability, Employment Practices Liability, Directors & Officers
Lawyers Professional Liability
Image courtesy of JanPietruszka at FreeDigitalPhotos.net
 
Risk Management Resources
As part of the coverage, our carriers provide risk management services to assist in proactively mitigating liability exposures.  These resources include consultation with a risk management helpline.  A premier professional liability defense firm offers confidential, knowledgeable, expert resources on a wide range of risk management topics including: ethics and professionalism, malpractice avoidance, client relationship and conflicts, firm management / policies / procedures.
  
Claims Scenarios
 Cyber Liability - The computer network is hacked by an unauthorized user who steals client's confidential information and publishes it online.  As a result, clients file a lawsuit against the insured's firm. The Professional Liability policy will provide defense and indemnity coverage for such network and information security offenses.  As some insurers may offer Cyber coverage under their policy with a sub-limit, a stand alone policy is recommended.

Independent Contractor Coverage - The law firm hires a contract attorney to assist with the defense of a complex case.  The contract attorney fails to answer the complaint in a timely manner and a default is entered against the client.  As a result, a lawsuit is filed against the contract attorney and the firm.  The broad definition of "insured" will automatically provide coverage to the contract attorney and the law firm.
 
Clients will not hesitate to take legal action if they feel the professional services performed failed to meet their expectations.  Defense costs, even in frivolous cases, can be costly.  A quality professional liability program can be both cost-effective and help protect a business and their financial security!
 
Tonya Hollederer Tony Ambrose Joanna Brancaleoni
Tonya Hollederer, ext. 133
thollederer@RussellBond.com
TEAM LEADER
Tony Ambrose, ext. 143
aambrose@RussellBond.com
Joanna Brancaleoni, ext. 121
jbrancaleoni
@RussellBond.com
Ed Chadwick Jackie Oddo
Ed Chadwick, ext. 261
echadwick@RussellBond.com
Jackie Oddo, ext. 161
joddo@RussellBond.com
Call us at  800-333-7226
 
A Wholesale Insurance Broker Unlike Any Other TM
 
____________________________________________________________________________
67 Years
1950 - 2017
866 Ellicott Square Bldg.  |  295 Main Street  |  Buffalo  |  NY  |  14203
1670 Whitehorse - Hamilton Square Road  |  Hamilton  |  NJ  |  08690
Hampton Ponds Plaza # 12 |  1029 North Road  |  Westfield |  MA  |  01085
800.333.7226  |  www.RussellBond.com  |  Fax: 800.677.6779
Trusted since 1950