IN-HOUSE COUNSEL MALPRACTICE INSURANCE

IN-HOUSE COUNSEL MALPRACTICE INSURANCE

In-House Counsel Malpractice Insurance, Employed Lawyers Insurance: aggressive comparison shopping to find the broadest coverage at the best price for your organization’s legal department. ‘A+’ insurers. Free quotes. 1-page app: download below or apply on-line.

 

We’re Lawyers Insurance Group, legal malpractice insurance brokers.

Our mission is to obtain the broadest coverage at the best price for every in-house attorney.

We accomplish this by scouring the market on attorneys’ behalf, leveraging our access to dozens of “A”-rated insurers that specialize in this coverage. We also provide attentive service, expert advice, and strong coverage advocacy if you incur a claim.

We even help in-house counsel that have unusual malpractice insurance needs:

  • Coverage non-renewed.
  • Insurers won’t offer quote.
  • Policy limits > $5 million.
  • Employer has locations outside of the U.S.

Fill out our on-line application to receive no-cost, no-obligation quotes.

We’ll guide you through the application process, send your application to all viable insurers, based on your legal department’s risk profile – number of attorneys, type of matters they handle, etc. – contact you when we receive their quotes, and answer all of your questions.

It’s a low-key process, without any sales calls or pressure.

I. In-House Counsel Malpractice Insurance – What You Need to Know

We frequently receive applications for standard legal malpractice insurance from in-house counsel.

However, standard legal malpractice insurance is exclusively for private practice law firms and their attorneys.  

In-house counsel need Employed Lawyers Insurance, which covers their employer, which is the named insured on the policy, and all attorneys that it employs, who are covered for all legal services they provide to their employer in their capacity as in-house counsel.

Thus, in-house attorneys don’t need their own legal malpractice insurance for this work. They’ll need their own policy only if they take on clients outside of their in-house work, i.e., some in-house attorneys ‘moonlight’ as sole practitioners.

The Employed Lawyers Insurance application differs from the legal malpractice insurance application, so make sure to complete the right one. 

II. In-House Counsel Malpractice Insurance – Optimize Your Coverage 

Work with a broker who’ll submit your application to every “A”-rated insurer that’ll likely offer your legal department coverage, based on its risk profile. Maximizing competition is the key to getting the best terms.

III. In-House Counsel Malpractice Insurance – Learn More or Request Quotes 

It will give the insurers enough information about your organization to offer “ballpark” terms, without your having to complete a full application.

We’ll send your form to all suitable insurers, and contact you as they respond. If you like any of the estimates that we obtain, then you can complete a full application and provide any other information that the insurer needs to offer your organization a firm, final proposal. The premium of the final proposal usually matches or is very close to the estimate.

NOTES:

        •  If you filled out an application or premium estimate form for another broker or any insurer, you can send us that, instead of filling out the premium estimate form.     

        •  All proposals that we obtain for you are no-cost, no-obligation.

If you accept any of them, then the insurer that offered it will pay us a percentage of the premium as a commission.

That’s our only compensation; we don’t charge any fees.

We thus have every incentive to find you the best terms available in the market.

FURTHER READING

Lawyers Malpractice Coverage Goes In-House

In House Counsel: Who Has You Covered?

Understanding The Need For Employed Lawyers Insurance

ELI Insurance Is Asset for Both In-House Lawyers and Their Employer

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