All OneBeacon professional liability offerings are designed to appeal to the sophisticated producer and insured; i.e., consumers who recognize the value of well-crafted coverage written by thoughtful specialists on financially secure paper. Our new LPL insurance offering is no different.
Primary and Excess Coverage
- Limits up to $10 million
- Available to firms with 2 to 150 lawyers
- Coverage available on admitted basis in most states
- E&S coverage available in most states
The OneBeacon Lawyers' Professional Team
To execute our LPL initiative, OneBeacon has assembled a team of talented, experienced attorney-underwriters who know the pitfalls of law firm practice today.
Leading the lawyers' product underwriting team is Kim Pihlstrom, VP, who is well-known within the LPL market. Assisting Kim in the underwriting process ar the three territory managers. Chris Jones leads the middle market team, fcusing on law firms with more than 20 attorneys
. Beth DeBaere leads the East Coast/Southeast team. Denise Johnson is the territory manager responsible for the Midwest and West Coast.
OneBeacon's Product Coverage That Lawyers Need
The policy form our team has created is the most up-to-date coverage offering in the market. More than that, it's also among the most comprehensive products available. Consider the following practical advantages OneBeacon's new LPL product will offer your law firm clients:
- Expanded definitions of "professional legal services" and very broad personal injury and advertising injury provisions
- Built-in protection for the firm's innocent partners, plus automatic inclusion of contract attorneys and "of counsel" attorneys within the policy coverage
- Available coverage extensions for practice at a prior firm
- Coverage for disciplinary proceedings included up to $100,000
- Market-leading extended reporting period (tail) options, including optional unlimited tail for retirees and other non-practicing insureds
OBPP's LPL form is available on an admitted basis in most states. It is being offered surplus lines on a limited basis elsewhere. For up-to-date information on your state: LPL State Status.
New Broker Access*
To ensure our mutual success, OneBeacon has a limited access distribution approach to the Lawyers' Professional Liability line of business. To be considered for access, please complete the Producer Access Application and return it to us for evaluation. We will notify you of our decision within 30 days of receipt.
* Platinum Partners and Lighthouse Partners are automatically granted access to the LPL product.
Post-issuance Value - Risk Management and Claims
OneBeacon's unique “Firm PR” provides top-notch practice resources and practice review. Practice resources for the firm consist of practical tools to assist lawyers in the practice of law. We also host an annual risk management seminar, bringing the nation's top professional liability experts together with our insureds to exchange ideas and gain valuable information about avoiding legal malpractice claims. Additionally, our quarterly newsletters provide insight and practical direction on timely topics. Finally, nationally-recognized legal malpractice experts at Hinshaw & Culbertson provide guidance and assistance to our LPL insureds via a "hot-line" response service (866.258.0387) and risk management website (www.hinshawlaw.com). These combined services make OneBeacon the recognized leader in law firm risk management. For additonal information on risk managment services, please contact Kim Pihlstrom .
Even the best risk management practices can't eliminate every claim. That's why thoughtful professionals buy coverage. And, when a claim does arise, OneBeacon well appreciates the fact that claim handling represents our most direct touch point with the insured. When that insured happens to be a law firm, claims settlement is an activity where expertise, professionalism and practicality must be evident in all that we do. We take pride in handling difficult claims fairly and with all deliberate speed.
Couch Braunsdorf Appointed MGA in NY, NJ and PA for Law Firms with 20 or Fewer Attorneys
Through an agreement with OneBeacon, Couch Braunsdorf Insurance is currently managing OneBeacon Professional Partners' Lawyers' Professional Liability business in New Jersey, New York and Pennsylvania for law firms with 20 or fewer attorneys and in Massachusetts, Connecticut and Ohio for law firms with 10 or fewer attorneys. Brokers may access the LPL product through Couch Braunsdorf when selling to this specific market segment. Access to the LPL product for all other qualifying accounts remains through OneBeacon Professional Partners.
Download the Lawyers' Professional Insurance applications and policy forms.
Please refer to the actual policy for exact coverage descriptions; exclusions and deductibles may apply. Coverages are subject to policy terms and conditions and are not available in all states.
|