Lawyers Professional Liability Insurance (LPL)
Also known as errors and omissions or malpractice insurance, this insurance affords coverage for claims made against the law firm for alleged acts, errors or omissions while rendering or failing to render professional services as a lawyer.
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Our FAQ
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Broker Fees
Broker fees are fees that may be assessed by an insurance broker or wholesaler in addition to the premium charged.
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Broker of Record Letter
A broker of record letter is a letter executed by an insurance applicant authorizing a specific broker to act as their agent in procuring insurance coverage. An exclusive authorization letter authorizes only one broker the ability to transact insurance on behalf of the applicant thereby eliminating all other brokers from competing in the quoting process. A carrier specific broker of record letter grants a specified broker the exclusive permission to transact with a specific carrier on behalf of the applicant.
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Claims expenses inside the limits of liability (CEIL)
A claims expenses inside the limits of liability policy provision requires that claims expenses be deducted from the available limit of liability.