Overview

Allied World is committed to being the "Go To" market in the Standard lawyers segment by targeting, attracting and retaining standard risks with competitive rates and streamlined processing. We are able to entertain firms with 1 - 25 attorneys (all levels of experience) and annual revenues of $50,000 or above.

Eligible Risks

Allied World utilizes a multi-tiered strategy where firms are grouped according to their risk characteristics and loss experience.

- All areas of practice (AOPs) are eligible, except Patent Prosecution
- Other factors considered for segment eligibility:
   - Claims history relative to firm size
   - Fee suits   
   - Accounts receivable
   - Client concentration
   - Staff/Attorney ratios
   - Firm revenues

Limits

Up to $5 million

Features & Highlights

- Several retention options are available, including zero and aggregate retentions.
- Claims Expenses Outside Limit (CEOL) available
- Broad definition of Legal Services includes title agent, notary public, escrow agent,   member of accreditation/ethics, peer review and/or licensing boards, and   author/publisher of legal research articles or papers.
- Broad definition of Claim includes civil proceedings, administrative proceedings and   requests to toll or waive the statute of limitations
- Coverage for violations of various privacy laws, including up to $25,000 notice and credit   monitoring costs for no additional premium
- Coverage for Predecessor Firms, Independent Contractors and Of Counsel
- Outside Directors Liability coverage built in to the insuring agreement
- Broad definition of Damages specifically includes pre- and post-judgment interest
- Additional limit for disciplinary actions ($20,000 aggregate)
- Additional limit for lost earnings ($500 per day/$5,000 per claim/$20,000 aggregate)
- Innocent Insured coverage - Extended reporting period (ERP) options available, including   disability, death, and cessation of practice
- No pollution, mold or asbestos exclusions
- Worldwide coverage

Risk Management

- Risk management web site and CLE programs
- Email alerts and The Lawyers' Lawyer Newsletter
- Risk management hotline
- Risk management/loss control audits

Submission Requirements

Access to this product is available only through Allied World's State Coordinators. Please submit business to the specific State Coordinator handling access for the state where the law firm is headquartered.

Related Products

Non-Standard/Surplus Lines product.