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 > Lawyer Malpractice Insurance Disciplinary Coverage
TUESDAY, OCTOBER 18, 2022

Lawyer Malpractice Insurance Disciplinary Coverage

King on Body of Lion

Commonly part of the policy disciplinary coverage is found on admitted and a few non-admitted Legal Malpractice Insurance policies. Insurers that do not offer disciplinary coverage as part of their standard policy seldom will endorse it on.

With Legal Malpractice Insurance policies not being standard, this additional coverage appears under headings like ‘Additional Coverages,’ ‘Supplemental Payments,’ ‘Disciplinary Proceedings,’ ‘Regulatory Inquiry Extension’ or related names either in the body of the policy or as an endorsement to the policy.

Disciplinary Coverage is a defense only coverage; it will not indemnify for any fines or sanctions levied against the attorney or firm. Disciplinary Coverage normally not considered ‘damages’ which means it will not reduce your liability policy limits. Normally there is no deductible. Limits for this coverage usually range from $5000 to $100,000 and can be for each incident, for the policy period or a combination.

Legal Malpractice Insurance policies disciplinary coverage can be ‘duty to defend’ or reimbursement. With ‘duty to defend’ disciplinary coverage once reported to the insurer, the insurer is responsible for providing counsel and pays defense costs up to the limits stated. The insurer may in consultation with the attorney appoint counsel for defending the matter.

Other Legal Malpractice Insurance policies offer ‘Reimbursement’ coverage for Disciplinary Matters. In this case the attorney needs to find counsel to defend the matter and receive reimbursement for the cost of defense. Further limiting the insurer’s liability, ‘Reimbursement’ policies may only pay defense costs if there is no finding against the attorney.

When faced with a disciplinary matter, check your policy before responding or obtaining your own counsel. Insurers may decline coverage if notification for the matter occurs after the matter is adjudicated. Not timely reporting disciplinary matters have gotten law firms non-renewed.

The average cost to defend a disciplinary matter can exceed $20,000. Even with your Legal Malpractice Insurance policy having ‘Disciplinary Coverage,’ it is important to read and understand what your policy truly covers. All Attorney Malpractice Insurance policies are not created equally. ‘Reimbursement’ Disciplinary Coverage that only pays if the attorney is ‘innocent’ could lead to thousands of dollars of unreimbursed legal expenses.

Click here for a Quote

Lee

 
 
   Contact Me Today
   Lee Norcross, MBA, CPCU

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

     (616) 940-1101 Ext. 7080

 
Posted 7:12 PM

Tags: attorney malpractice 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(399)
  • attorney malpractice(337)
  • legal malpractice(225)
  • legal liability(134)
  • cyber insurance(106)
  • data breach(92)
  • ethics(87)
  • erp(57)
  • malpractice insurance(55)
  • claims(39)
  • title agency e&o(36)
  • accountant e&o(34)
  • extended reporting period endorsement(30)
  • tail(29)
  • phishing(25)
  • legal malpractice insurance(23)
  • prior acts(22)
  • claims made coverage(21)
  • extended reporting period(21)
  • cyber security(20)
  • cyber liability(18)
  • accountant errors & omissions(18)
  • claims reporting(18)
  • crime insurance(16)
  • ransomware(16)
  • claim prevention(16)
  • attorney protective cle(14)
  • the hartford weekly newsletter(14)
  • attorney protective cle webinar(14)
  • 2022 mcgowan pro cpe webinar for accountants(13)
  • professional liability insurance(13)
  • mcgowan webinar series for cpas 2021(12)
  • retirement tail(12)
  • attpro tip of the month(12)
  • business owners insurance(11)
  • legal liability insurance(11)
  • fee suits(10)
  • full prior acts(10)
  • cyber crime(10)
  • accountant errors & omissions insurance(10)
  • prior acts date(9)
  • step rating(9)
  • non-practicing erp(9)
  • bop(9)
  • cyber liability insurance(9)
  • title agent errors & omissions(9)
  • claims made(9)
  • coverage(8)
  • webinar(8)

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