CorePointe Attorney Malpractice Insurance Policy – Disciplinary Coverage
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 that can be ‘Duty to Defend’ or ‘Reimbursement’. Corepoine’s disciplinary coverage is ‘’Duty to Defend’. Insurer’s wording for disciplinary coverage and reporting differs by carrier. The disciplinary coverage is not subject to the policy deductible.
Policy Coverage:
II. DEFINITIONS
H. “Disciplinary proceeding” means any proceeding before a state or federal licensing board or a peer review committee to investigate charges alleging professional misconduct.
IV. SUPPLEMENTARY PAYMENTS
A. Disciplinary Proceedings
The Company will provide for the defense of a disciplinary proceeding brought against an Insured during the policy period arising out of the performance of legal services, provided that prior to the inception date of the policy period, or if this policy has been continuously renewed, prior to the inception date of the first policy issued by the Company, no Insured received notice, or knew about any bar complaint, grievance or investigation that might be expected to be the basis of a disciplinary proceeding. The Company’s obligation under this provision is subject to a maximum amount of $100,000 per disciplinary proceeding and $100,000 in the aggregate per policy period for all attorney fees and other reasonable costs, expenses or fees incurred by lawyers appointed by the Company.
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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
Lee@L2Ins.com
616-726-7080
