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. Greenwich Crisis Coverage may help to address these issues. Even though the Greenwich malpractice coverage is duty to defend, the Crisis Event coverage is reimbursement. The actual coverage provided is in the Extensions of Coverage 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
D. The Insurer will pay for the cost of any Crisis Event Expenses that result from a Crisis Event first occurring and reported to the Insurer during the Policy Period. The Insurer’s obligation under this provision is subject to a limit of $10,000 for each Crisis Event first occurring during the Policy Period and $30,000 in the aggregate, regardless of the number of Crisis Events qualifying for Crisis Event Expenses, or the number of persons or entities who are Insureds.
Crisis Event Definitions:
D. Crisis Event means any:
1. Act or omission to which this Policy would respond;
2. Death, departure or debilitating illness of a Principal Insured;
3. Potential dissolution of the Named Insured;
4. Incident of workplace violence; or
5. Other event,
that the Named Insured reasonably believes will have a material adverse effect upon the Named Insured’s reputation.
E. Crisis Event Expenses means 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
Managing Director, CEO
(616) 940-1101 Ext. 7080