LAWYERS PROFESSIONAL LIABILITY (LPL) INSURANCE
At ProQuest, we structure LPL placements to satisfy the coverage and risk management requirements of a broad spectrum for mid- to large-size firms. In addition, we ensure optimum “market security” by providing you with up-to-date information on each recommended insurer’s financial rating, condition, and stability. The insurers that support our clients’ LPL programs are rated from “A-” to “A++” by A.M. Best and have well-established reputations and longevity in this class of business.
We serve clients with specialty practices whose LPL insurance requires the experience of a broker with powerful market leverage and a thorough understanding of coverage and claim issues. More importantly, we serve as your advocate, not only in structuring a competitive LPL program that is tailored to your firm’s risk profile, but also in managing sensitive claim matters.
With offices in Chicago and New York and broking partners in London and Bermuda, we have unrestrictive access to markets in the U.S., Europe (including underwriters at Lloyd's of London), and Bermuda. Through their decades of unparalleled experience in delivering innovative LPL products and services, the insurers that support our clients’ LPL programs are known for their expertise, depth, and stability in underwriting, claims handling, and risk management consulting.
Through our global market access with select insurers, the ProQuest team has the ability to design custom LPL programs for qualified mid- to large-size law firms; policy features may include:
- Primary programs with reinstatements
- Multi-year policy wording
- Broad-form manuscript wordings
- Dedicated risk management budgets
- Removal of Hammer Clause
- Broad definition of Professional Services
- Choice of Counsel provisions
- Worldwide coverage
- Total program limits in excess of $500 million, including reinstatement
- Self-insured retentions/deductible wording
- Punitive damages – most favorable venue