Call Us 866.940.1101 ☰ ˟
866.940.1101
Logo
  • Home
  • About Us
    • About Us
    • Employee Directory
    • Partners Page
    • Event Calendar
    • Refer a Friend
  • Get A Quote
  • Products
    • Lawyers Malpractice Insurance
    • Professional Liability Coverage For Attorneys
    • Accountants Professional Liability
    • Dentist Malpractice Insurance
    • Business Owners Policy
    • Cyber Liability Insurance
    • Workers Compensation Insurance
    • Title Agents E&O Insurance
    • Paralegal Malpractice Insurance
  • Testimonials
  • Common Terms
    • Common Terms
    • Frequently Asked Questions
  • Blog
  • Contact
  • Areas We Serve
    • Grand Rapids, MI
    • Detroit, MI
    • Lansing, MI
    • Kalamazoo, MI
Home > Blog > Arch Insurance Attorney Malpractice Insurance Policy – Disciplinary Coverage
MONDAY, MAY 8, 2023

Arch Insurance Attorney Malpractice Insurance Policy – Disciplinary Coverage

Arch Insurance LPL Policy Page One

More than a few attorneys forget to take advantage of Disciplinary Coverage until it is too late.  Attorney Malpractice Insurance policies that offer this coverage can be ‘Duty to Defend’ or ‘Reimbursement’.  Even though the Arch Insurance policy’s malpractice coverage is ‘Duty to Defend’, the disciplinary coverage is ‘Reimbursement’.  Policy wording for disciplinary coverage and reporting differs by carrier. The disciplinary reimbursement is not subject to the policy deductible.

From Declarations Page:

B. Disciplinary Proceedings

$25,000 Each Disciplinary Proceeding

$25,000 Aggregate

$0 Deductible

Policy Coverage:

B. DISCIPLINARY PROCEEDINGS SUB-LIMIT OF LIABILITY

 

1.     The Company will reimburse the Insured for defense costs incurred by the Insured to defend Disciplinary Proceedings. No deductible will apply to this coverage.

 

2.     As a condition precedent to this coverage, the Insured must give the Company written notice within thirty (30) days of receipt of any Disciplinary Proceeding that has been initiated against the Insured.

 

3.     Solely for the purpose of this coverage, the Insured will have the right and duty to defend the Disciplinary Proceeding; provided, however, that the Company will have the right to effectively associate in the defense and investigation of the Disciplinary Proceeding and be kept fully apprised as to the status of the Disciplinary Proceeding.

 

4.     Solely for the purpose of this coverage, the Insured will have the right and duty to select counsel subject to the Company’s prior written consent, which will not be unreasonably withheld.

 

5.     The Company will not indemnify an Insured for any Damages incurred as a result of any Disciplinary Proceeding. The Company will not indemnify any Insured for defense costs in which the final resolution of the Disciplinary Proceeding results in the suspension or revocation of the Insured’s license or right to practice law. The Company will have no obligation to reimburse the Insured for defense costs other than upon the final resolution of the Disciplinary Proceeding as described herein.

 

 

III. LIMITS OF LIABILITY AND DEDUCTIBLE

 

2. Limit of Liability Disciplinary Proceedings: The Company’s Limit of Liability for defense costs for each Disciplinary Proceeding is the amount shown in Item 4.B. The Aggregate Limit of Liability amount shown in Item 4.B. of the Declarations is the most we will pay for all Disciplinary Proceedings made and reported during the Policy Period.

 

This Limit of Liability is in excess of the Limit of Liability Each Claim, but part of, and not in addition to, the Aggregate Limit of Liability Each Policy Period specified in Item 4 of the Declarations. If the alleged negligent act, error or omission that gave rise to the Disciplinary Proceeding results in a Claim, the Limit of Liability Each Claim will not be reduced by any defense costs reimbursed to the Insured in connection with such Disciplinary Proceeding.

 

Policy Definition:

F. Disciplinary Proceedings means a grievance or allegation involving an act or omission made against an Insured to any professional entity charged with the responsibility to oversee lawyer disciplinary matters.

 

 

Not taking advantage of this policy coverage does not make sense.  Firms have a fear that reporting disciplinary complaints can impact their attorney malpractice insurance premiums. While too many disciplinary reported complaints that do not result in an issue can cause problems.  Not reporting issues that may lead to a proceeding may impact your malpractice insurance should the same issue turn into a malpractice claim at a later date.  The other issue is that once a year you may need to attest on the renewal application about disciplinary issues.

CLICK HERE TO GET AN ATTORNEY MALPRACTICE QUOTE

Lee

 
 
   Contact Me Today
   Lee Norcross, MBA, CPCU
   California License # 0D87292
    L Squared Insurance Agency, LLC ® DBA in California as
   L2 L Squared Insurance Agency, License # 0L93416

    Managing Director, CEO
    Click here to contact Lee Norcross, MBA, CPCU, CPIA

     (616) 940-1101 Ext. 7080

 
Posted 5:35 PM

Tags: arch insurance, disciplinary coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

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
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2011

  • lawyers professional liability insurance(429)
  • attorney malpractice insurance(404)
  • attorney malpractice(337)
  • legal malpractice(225)
  • legal liability(134)
  • cyber insurance(107)
  • data breach(93)
  • ethics(87)
  • erp(58)
  • malpractice insurance(56)
  • claims(39)
  • title agency e&o(36)
  • accountant e&o(34)
  • retirement tail(34)
  • extended reporting period endorsement(30)
  • tail(29)
  • ownership-director-officer exclusions(28)
  • attorney fees punitive damages(28)
  • disciplinary coverage(28)
  • professional services defined(27)
  • phishing(25)
  • legal malpractice insurance(23)
  • prior acts(22)
  • claims made coverage(21)
  • extended reporting period(21)
  • cyber security(20)
  • nonpracticing extended reporting period(19)
  • cyber liability(18)
  • accountant errors & omissions(18)
  • claims reporting(18)
  • crime insurance(16)
  • ransomware(16)
  • claim prevention(16)
  • attpro tip of the month(15)
  • attorney protective cle(14)
  • insurance(14)
  • the hartford weekly newsletter(14)
  • attorney protective cle webinar(14)
  • 2022 mcgowan pro cpe webinar for accountants(13)
  • coverage(13)
  • professional liability insurance(13)
  • reducing attorney malpractice deductible costs(13)
  • business owners insurance(12)
  • mcgowan webinar series for cpas 2021(12)
  • crisis event coverage(12)
  • legal liability insurance(11)
  • bop(11)
  • fee suits(10)
  • full prior acts(10)
  • cyber crime(10)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Common Terms
About Us Refer A Friend Our Carriers Blog Contact Us
Location
2430 Camelot Ct SE
Grand Rapids, MI 49546

Local: 616.940.1101
Toll Free: 866.940.1101
Email: info@L2ins.com
Facebook Twitter Social LinkedIn
© Copyright. All rights reserved.
Powered by Insurance Website Builder