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Philadelphia Insurance Companies
Employed Lawyers Protection Plus

Employed Lawyers Protection Plus is designed to protect all attorneys working as In-House Counsel, their support staff and independent contractors from claims arising from their legal professional services. The coverage provides protection for In-House Counsel in the event that their employer’s Directors & Officers Liability policy will not or cannot protect them for liability resulting from professional services.


Benefits of the Program

  • Broad definition of claim
  • Optional duty to defend with choice of counsel
  • Full severability of the conduct exclusions
  • Policy non-cancelable except for nonpayment of premium
  • Moonlighting and pro bono services covered in the form without requiring prior company approval (for full time counsel)
  • Full defense coverage for Sarbanes-Oxley §307 actions (for publicly held companies)
  • Coverage provided for part time and contracted attorneys
  • Coverage provided to the entire support staff
  • Full limit of liability available for defense even when the company or the shareholders sue the attorney
  • Up to $10 Million in limits available

Applications

Supplemental Applications

Policy Forms

Documents Required for Proposal

  • Completed application
  • 3 years of loss history
  • Financials (audited for limits over $1 Million)

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10 Reasons Why
 
  1. Available for Privately Held, Non-Profit and Publicly Traded companies – separate forms utilized to reflect the unique nature of these accounts
  2. Admitted policy form in most states
  3. Optional selection of counsel – Insured may choose defense counsel or tender the defense to the Underwriter
  4. Moonlighting and pro bono services covered in the form without requiring prior company approval (for full time counsel)
  5. Coverage provided for part-time and contracted counsel and coverage extends to counsel’s entire support staff including paralegals, secretaries, legal assistants and notaries
  6. Full limit of liability available for defense even when the Company or the shareholders sue the attorney
  7. Choice of counsel- Insured may choose counsel subject to approval
  8. Full severability of the conduct exclusions
  9. Full defense coverage for Sarbanes-Oxley §307 actions (for publicly traded companies)
  10. Policy non-cancelable except for non-payment of premium

 

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