STAND-ALONE ERP COVERAGE FOR LAWYERS

We are excited to announce the launch of Stand-Alone ERP coverage for lawyers. This nationwide product offers stand-alone prior acts coverage for both individual and groups of attorneys, as well as dissolving law firms!

PRODUCT FEATURES

• Stand-Alone Policy from an A+ rated Surplus Lines Carrier

• For Individual Attorneys, Multiple Attorneys or Entire Firms

• All Practice Areas Considered

• All Jurisdictions Considered

• One, Two, Three or Five -Year Policies Terms Offered

• Claims-Made Policy

• Primary or Excess Layers will be Considered

• Policy Limits up to $2M/$2M Available

• Unique Policy Application

WHEN SHOULD LAWYER BUY THIS?

• Lawyer retiring from a large law firm and wants “sleep insurance”

• Lawyer leaving firm and has concerns with management of the firm going forward

• Rainmaker leaving firm and has concerns with the financial stability of the firm after departure

• Lawyer's new firm does not provide career coverage under their current LPL policy

• Lawyer's new firm is requiring an individual ERP (tail)

• Current ERP limits exhausted by a large claim

• Firm dissolves and it is decided by a majority of the lawyers not to purchase an ERP but several lawyers desire the coverage

• Length of ERP term desired not offered by current carrier (may only offer a 12-month option)

• Firm/Lawyer buys a 3-year ERP from their expiring carrier but decide the term is not long enough and want to extend it

• Firm/Lawyer desires to buy an ERP with lower limits to cut costs

• Firm/Lawyer being denied extension of their current ERP terms

• Expiring policy only allows the purchase of ERP is carrier non-renews or cancels (one way ERP provision)

• Firm/Lawyer concerned with the financial stability of their expiring insurance carrier

If you have any questions on the new program, please reach out to Randy Mrozowicz, Managing Director at randy.mrozowicz@vanguardspecialty.com // 847-971-8198

This summary is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the coverage afforded. A specimen copy of the entire policy is available upon request. Only the insurance policy and applicable endorsements can give the actual terms, coverages, conditions, limits, and exclusions.