HDI International Insurance coverage Firm, the US unit of HDI International, has collaborated with First Indemnity Insurance coverage Company to supply a brand new Attorneys’ Skilled Legal responsibility (LPL) insurance coverage product.
This errors and omissions coverage is tailor-made for small to mid-size legislation companies with as much as 50 attorneys, offering legal responsibility protection for authorized service suppliers.
The coverage is designed to handle the distinct skilled legal responsibility dangers that legislation companies encounter.
It affords legal responsibility protection ranging as much as $5m/$10m for wrongful acts resembling misrepresentation or breach of fiduciary obligation, which can lead to monetary hurt to purchasers.
Protection highlights embrace safety in opposition to losses from negligence, errors and omissions throughout the efficiency {of professional} providers.
The coverage additionally options community privateness safety and harmless insured/vicarious legal responsibility, amongst different advantages.
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Extra key coverage options embrace disciplinary proceedings protection as much as $50,000, defendants reimbursement of the identical quantity, predecessor agency protection and a non-practicing prolonged reporting endorsement.
HDI International Insurance coverage Firm vice-president of delegated authority enterprise Robert Remy stated: “Along with the specialised experience of First Indemnity Insurance coverage Company we are able to rapidly develop the required options to satisfy the evolving wants of our purchasers and defend them in opposition to the rising variety of dangers that they face.”
First Indemnity Insurance coverage Company govt officer/programme supervisor Andrew A Biggio stated: “We’re enthusiastic about our new partnership with HDI. The added capability with the high-quality monetary rankings of HDI will give legislation companies the safety they want. The groups at First Indemnity and HDI clearly perceive the specialised wants of legislation companies, which make this partnership distinctive.”
Late final month, HDI International Insurance coverage Firm entered a multi-year fronting alliance with property and casualty insurer Hallmark Monetary Companies.
HDI International Insurance coverage Firm will entrance the industrial enterprise of Hallmark, with HDI International Choose Insurance coverage Firm managing the aviation sector.
