Protection is provided to the in-house attorney for claims arising from legal professional services including matters where indemnification by the employer is not permitted or withheld. Claims alleging malpractice against the in-house attorney, which are excluded under many directors and officers policies are covered and may be brought by third parties as well as their employer and shareholders.
Employed Lawyers Protection Plus is admitted in 39 states and can be provided on a non-admitted basis in most other states. Acceptable classes include most types of privately held and non-profit organizations, as well as publicly traded companies with less than $1 billion in market capitalization. Other underwriting criteria and restrictions apply.
Thomas Herendeen, Vice President Specialty Lines Underwriting, comments, "We designed this program to protect employed lawyers for the critical exposures not covered under typical directors and officers liability policies or other liability forms. Many of our competitors provide limited coverage and/or only provide coverage on a non-admitted basis. We view Employed Lawyers Protection Plus as an excellent cross-sell opportunity for existing clients as well as a platform for new clients to experience the superior coverage and service offered by Philadelphia Insurance Companies as they address their professional and management liability coverage needs."
In operation since 1962, PHLY designs, markets and underwrites commercial property/casualty, personal lines and professional liability insurance products, incorporating value-added coverages and services for select industries. The Company, whose commercial and personal lines subsidiaries are rated A+ (Superior), and A- (Excellent), respectively, by A.M. Best Company, is nationally recognized as a member of Ward's Top 50 and Forbes 100 Best Mid- Cap Stocks. The organization has 38 offices strategically located across the United States to provide superior local service.
Philadelphia Insurance Companies
CONTACT: Philadelphia Insurance Companies, +1-610-617-7900
