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. Westport 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
E. The Company shall reimburse the NAMED INSURED up to $10,000 per POLICY PERIOD for CRISIS EVENT EXPENSES that result from a CRISIS EVENT first occurring and reported to the Company during the POLICY PERIOD. The most the Company will pay per POLICY PERIOD for CRISIS EVENT EXPENSES associated with all CRISIS EVENTS subject to this Paragraph E is $10,000. No deductible shall apply to this coverage. Limits provided by this Paragraph E are part of and not in addition to the limits provided by the POLICY.
Crisis Event Definitions:
G. “CRISIS EVENT” MEANS any:
1. death, departure or debilitating illness of the managing partner, owner of a sole proprietorship, or practice group head;
2. potential dissolution of the NAMED INSURED;
3. incident of workplace violence; or
4. filing of an involuntary bankruptcy petition against the NAMED INSURED.
H. “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