Employed Lawyers Legal Malpractice Insurance
Professional Liability Insurance for In-House Counsel Attorneys
Employed Lawyers legal malpractice insurance is designed to address the unique exposures faced by attorneys working as in-house counsel, their support staff and independent contractors from claims arising from their legal professional services.
In-House Attorneys Face Unique Professional Liability Exposures
Employed Lawyers Professional Liability Insurance plans address exposures including:
- Coverage for claims by non-client third parties
- Coverage for SEC and regulatory claims
- No deductible for claims not indemnified by the employer, and full reimbursement coverage (subject to a self-insured retention) for indemnified claims
- Coverage for employment practices liability claims by co-workers for discrimination, harassment, retaliation or wrongful termination that arise out of the attorney's legal work for the company
- Coverage for claims by individual employees the in-house attorney is assigned to represent
- Defense cost coverage for claims brought by the employer, the board of directors and officers
- Coverage for employer-approved pro bono representations
- Full defense coverage for Sarbanes-Oxley §307 actions
Your Employer's Existing Coverage May Not Provide the Protection You Need
Virtually all commercial general liability policies specifically exclude coverage for professional liability claims.
An employed lawyer may be sued for professional errors and omissions that would be excluded on a Directors & Officers Policy. Even if there is no professional services exclusion, a D&O form will not provide coverage when the employers sue the employed lawyer. Further, the employer may be unwilling or unable to indemnify the employed attorney for liability resulting from their rendering of professional services.
Employed Lawyer Malpractice Insurance Coverage from Brunswick Companies
With over three decades of risk management and underwriting experience, Brunswick Companies provides a wider choice of lawyer malpractice insurance solutions, including both traditional and custom products.
Program Overview
Brunswick Companies offers a wide variety of malpractice insurance programs for in-house counsel. Among the features of these plans specialized to meet the needs of employed lawyers are:
- Available limits of $500,000 to $10,000,000, admitted in most states
- Broad definition of claim
- Optional duty to defend with choice of counsel
- Full severability of the conduct exclusion
- Moonlighting and pro bono services covered in the form without requiring prior company approval (for full time counsel)
- Coverage provided for part time and contracted attorneys
- Coverage provided to the entire legal support staff
- Full limit of liability available for defense even when the company or shareholders sue the attorney
- Policy non-cancelable except for non-payment of premium
- Punitive damages coverage (where insurable by law)
Covered claims include:
- Civil proceedings and written demands for monetary, non-monetary or injunctive relief
- Arbitration proceedings
- Civil, administrative or regulatory investigations
- SEC investigations (under subpoena)
- Requests to toll the statue of limitations for potential claims
- Securities claims (excess of any applicable D&O coverage)
Documents required for Proposal:
- Current completed application
- Complete loss history for the past five years
- Latest financial statement
One of the available plans is sponsored by the Association of Corporate Counsel (ACC), the largest organization of in-house counsel in the U.S.
Learn more about the advantages of working with Brunswick Companies’ Professional Liability Insurance Specialists