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 (BI), and
property damage (PD) are excluded from coverage. However, most of the policies
provide coverage for personal injury (PI) 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. Lawyers
professional liability coverage is also available in many states through
bar-sponsored captive insurers in addition to commercial insurers.