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. NFLI Crisis Event Coverage may help to address these issues. The actual coverage provided is in the Supplementary Payments policy section. Notice of a Crisis Event shall be deemed a Notice of Potential Claim. Not all insurers provide a similar coverage.
Crisis Event Coverage
c. Crisis Event Expenses
We will reimburse you up to $25,000 for all crisis event expenses you incur as a result of any and all crisis events that first occur during the policy period, and which are reported to us during the policy period or within sixty (60) days thereafter. Under this subsection, the most we will pay is $25,000 in the aggregate for all crisis event expenses incurred as the result of a crisis event occurring during the policy period, regardless of the number of crisis events, claimants or insureds involved. Under no circumstance will we have a duty to defend any Insured under this provision. Our obligation to reimburse you for crisis event expenses is expressly made contingent upon you submitting your request for reimbursement along with proof of your loss in a form acceptable to us within sixty (60) days of when the expense or payment was incurred.
Crisis Event Definitions:
7. Crisis event means:
a. The death, departure or debilitating illness of the sole proprietor, managing partner, or practice group leader of the Named Insured;
b. A potential dissolution of the Named Insured;
c. An incident of workplace violence related to the Named Insured; or,
d. The filing of an involuntary bankruptcy petition against the Named Insured.
8. Crisis event expenses means reasonable fees incurred by the Named Insured for necessary consulting services provided by a public relations firm in response to a crisis event.
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Lee Norcross, MBA, CPCU
Managing Director, CEO
(616) 940-1101 Ext. 7080