Admitted Program Protection
New DRI / Defense Firm Endorsement Coverage Features
In addition to the features on the previous blog when a firm qualifies for the defense firm program sponsored by the DRI (www.dri.org) because they have 51% or more of their Area of Practice in defense work, they also get a DRI / Defense Firm Endorsement attached to their policy.
LawyerGuard is excited to announce new enhancements to the DRI / Defense Firm Endorsement as follows:
- Increased Limit for Disciplinary Proceedings, Loss of Earnings & Crisis Event (NEW)
- Disciplinary Proceedings
- increased from $30,000/$100,000 to $50,000/$100,000
- Loss of Earnings
- increased from $500/$15,000/$50,000 to $500/$25,000/$50,000
- Crisis Event
- increased from $20,000/$40,000 to $25,000/$50,000
- Disciplinary Proceedings
- Subpoena Assistance Coverage uncapped (NO CHANGE)
- $50,000 Additional Defense Limit (NEW)*
- Enhanced “Soft” Hammer Clause (from 50/50 to 75/25) (NEW)
- Five Less Exclusions (NO CHANGE)
- Allowable equity interest in a client increased (from 20% to 30%) (NEW)
- 10% Reduction in Deductible (NO CHANGE)
- 10% Reduction in Optional ERP Percentages (NEW)
- 10-15% DRI Credit Applied (NO CHANGE)
*Does not apply in New Jersey
**New Defense Firm Endorsement not currently available in New York
