| Chicago Insurance Company’s
Commitment to Lawyers Professional Liability
Since 1995, when the Chicago Insurance
Company (“CIC”), was designated as the endorsed
carrier by the New York State Bar Association, they have
been providing quality coverage to attorneys. The CIC product
offered a comprehensive policy and an experienced staff
of claim professionals, well versed in legal liability issues.
You can obtain your legal malpractice
insurance coverage with CIC through Pro Access, LLC which
has been selected as the authorized insurance broker in
the Northeast for the sales and distribution of the CIC
legal malpractice policy. I would encourage you to obtain
legal malpractice protection for your business with Chicago
for the reasons set forth hereinafter:
Chicago Insurance Company, provides one
of the broadest, most liberal coverage forms in the industry.
Many policies (including some of the most prominent carriers
writing business in New York) do not cover you for potential
claims, which an employee (or former employee) may have
concealed from you. The Chicago product has and will continue
to cover this situation. This is commonly referred to in
the industry as “sleep insurance” and is obviously
an essential aspect of your professional liability insurance
that any reasonable practitioner would insist on.
Other benefits for both current and new
insureds with Chicago Insurance Company include:
• Expansive “of counsel” protection
• Reimbursement for expenses (up to $10,000)
• Liberalization clause
• Highly experienced defense counsel specializing
in defending lawyers in New York State
• Free Retirement Extended Reporting Period
• Up to $20,000,000 in limits available (subject to
acceptable firm criteria)
In addition to a broad policy form, CIC
will continue to provide a dedicated claim staff in the
Northeast which has earned a well deserved reputation in
handling legal malpractice claims in the most discreet,
knowledgeable and efficient manner. I would also point out
that Chicago Insurance Company maintains an enviable “A”
rating and is fully supported by Allianz, which is one of
the largest financial entities in the world.
The simple fact is that many carriers
do not provide many of the benefits afforded by the CIC
product and services. Based on the foregoing I urge you
to make an informed decision which will protect your business
now and in the future in an appropriate manner.
|