Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals
 

Disciplinary Coverage is an additional coverage found on most admitted and some non-admitted Lawyers Professional Liability Insurance policies.  Some Lawyers Professional Liability Insurance carrier’s policies that do not offer this coverage are willing to endorse this coverage on if requested. 

With Lawyers Professional Liability Insurance policies not being standard, this additional coverage can be called “Additional Coverages”, “Supplemental Payments” , “Disciplinary Proceedings”, “Regulatory Inquiry Extension”  or another related names either in the body of the policy or as an endorsement to the policy. 

Disciplinary Coverage is a defense only coverage; it will not provide coverage for any fines or sanctions that are levied against the attorney or firm.  Disciplinary Coverage normally is not considered damages which means it will not reduce your liability limits on your Lawyers Professional Liability Policy.  It is also not subject to the policy deductible.  Limits for this coverage usually range from $5000 to $100,000 and can be for each incident, for the policy period or some combination in between.

Even though a Lawyers Professional Liability policy is normally “duty to defend”, this does not mean that disciplinary coverage is “duty to defend.”  If the coverage is “duty to defend” once the matter is reported to the carrier, the carrier is responsible for providing the attorney with a defense up to the limits stated.  Generally the carrier in consultation with the attorney will appoint counsel to handle the defense.

Many Lawyers Professional Liability policies offer “Reimbursement” coverage for Disciplinary matters.   In this case the attorney needs to find and provide their own counsel to defend the matter and will be reimbursed for the cost of defense.  Further limiting the carrier’s coverage, some “Reimbursement” policies will only provide this coverage if there are no findings against the attorney.

One carrier has stated that the average cost to defend a disciplinary matter is approaching $20,000.  So even if your Lawyers Professional Liability Insurance policy has “Disciplinary Coverage”, it is important for you to read and understand what this policy truly coverages.  All Lawyers Professional Liability Insurance policies are not created equally.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Quick Contact
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Stay In Touch With Us Helpful Site Links Read the News
Sign up now to receive new and updates Stay up-to-date with the latest industry, community and agency news through our newscenter. We also provide handy hints on how to save on your insurance.

Read More
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder