Bad things can happen to a law firm that are not malpractice. If not addressed promptly could possibly end or damage the reputation of a firm or one of its attorneys. CNA’s Crisis Coverage may help to address these issues. Even though the CNA malpractice coverage is duty to defend, the Crisis Event coverage is reimbursement. The actual coverage provided is in Supplementary Payments policy section. Notice of a Crisis Event claims notification is also a Notice of Potential Malpractice Claim. Not all insurers provide a similar coverage.
From the Policy
Crisis Event Coverage
E. SUPPLEMENTARY PAYMENTS
Payments made under paragraphs 1., 2. and 3. below will not be subject to the deductible. All supplementary payments are in addition to the limits of liability.
4. Crisis Event Expense
The Company will reimburse the Named Insured up to $20,000 for Crisis Event Expenses that result from a Crisis Event first occurring and reported in writing to the Company during the policy period.
Crisis Event Definitions:
“Crisis event” means:
A. death, departure or debilitating illness of a Principal Insured;
B. dissolution of the Named Insured; or
C. incident of workplace violence; that the Named Insured reasonably believes will have a material adverse effect upon the Named Insuredʼs reputation.
“Crisis event expenses” mean reasonable fees, costs and expenses incurred by the Named Insured for consulting services provided by a public relations firm to the Named Insured in response to a Crisis Event.
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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
(616) 940-1101 Ext. 7080