InfiniTeam Insurance is a top provider of Professional Liability Insurance to attorneys and law firms.
InfiniTeam Insurance will provide the following to our professional liability clients:
• In-depth comparative analysis of current and proposed Professional Liability Insurance Programs
• Access to the largest and best specialty and standard insurance carriers that provide Professional Liability insurance for attorneys
• Ability to insure all types of law firms including firms that specialize in Intellectual Property, Medical Malpractice, Personal Injury and Class Action Suits
Specialization in servicing the needs of attorneys including:
| • Professional Liability Insurance |
| • General Liability Insurance |
| • Business Auto Insurance |
| • Property Insurance |
| • Workers Compensation Insurance |
Reduce your professional liability insurance rate today by making InfiniTeam Insurance your professional liability insurance agency.
Limit of liability options:
• $100,000-$5,000,000 (& higher) maximum limit of liability per claim
• $300,000-$5,000,000 (& higher) maximum limit of liability for all claims
• Defense costs - These costs can be included within the limit of liability or can be provided above and beyond the limit of liability (“First Dollar Defense”)
• Deductible options - Range from $1,000-$25,000 per claim and $1,000-$50,000 per annual aggregate
• Retroactive Date - The date set in the policy declarations page which defines how far in the past that the policy will “allow” a claim to be covered
• Claim “triggers” - Different policies may allow coverage to be made available from either a simple allegation, an actual written demand or an actual lawsuit (or, perhaps, only one or two of the three options)
Other important Professional Liability Insurance considerations:
• Consent to Settle clause – In some policies, the insured must provide consent in order for the carrier to settle a claim
• Ability to choose own firm for claim management – In some policies, the carrier may or may not allow for the insured to select counsel to represent them in defense of a claim
• Crisis Event Expenses (outside of normal Professional Liability limits and range from $10,000-$100,000 per claim) – provide coverage for reasonable fees, costs and expenses incurred by the insured for consulting services provided by a public relations firm in response to a Crisis Event
• Disciplinary or Regulatory Proceeding Expenses (outside of normal Professional Liability limits and range from $10,000-$100,000 per claim) Provides coverage for reasonable and necessary fees, costs and expenses incurred by an insured to investigate, defend or appeal any disciplinary or regulatory proceeding.
• Verify that insurance carrier is AM Best rated A- or better
• Consider an independent insurance agency that both has expertise in writing professional liability insurance and who can provide several different options from multiple carriers
• Does your carrier provide a “Help Line” service that enables an insured to ask questions about potential professional liability issues?
Other items:
• Compensation of time for lost income due to claim
• Exclusion “carve out”
• Back-up firm covered by policy?
• Is policy auditable?
• “Tail” coverage
• Authority to notify/report claim – specific number of days required
Consider other important insurance policies often sold in conjunction with a professional liability including:
• Employment Practices Liability
• Directors and Officers Liability
• Data Breach and Security Insurance
• Employee Dishonesty Insurance
