lawyers professional liability coverage
Provides attorneys with liability coverage for financial loss suffered by
third parties arising from acts, errors, and omissions in providing professional,
legal services. Fraud, intentional and criminal acts, bodily injury, and property
damage are excluded from coverage. However, most of the policies provide coverage
for personal injury perils (i.e., defamation, invasion of privacy) since allegations
of such acts occur frequently in the legal arena. As is the case with most professional
liability forms, lawyers professional liability policies are written with a
claims-made coverage trigger. In addition to commercial insurers, lawyers professional
liability coverage is also available in many states through bar-sponsored captive
insurers.
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PLI XIV.A-XIV.F