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Vol. 1 No. 2, February 2004
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Your New LPL Market
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Darwin’s attorney underwriters bring legal practice experience and underwriting expertise to law firms seeking an enhanced level of appreciation for their risks. Whether a firm has previous claims experience or is involved in areas of practice considered higher risk, Darwin’s lawyers professional liability (LPL) program can provide coverage, risk management services and audits, and dedicated attorney claims professionals. Darwin can provide limits up to $5 million/$5 million on a primary or excess basis.
As smaller firms and solo practitioners concentrate on one or two areas of practice, they may find themselves classified as “non-standard” risks. Likewise, as larger law firms diversify with multiple areas of practice, what was once considered a standard risk is more difficult to classify today. For example, firms with a majority of plaintiffs’ personal injury practice and no claims history are having difficulty finding a stable insurance company partner because they don’t fit the box of many admitted markets. Are these “non-standard” risks? Add a claim or two. Are these now “sub-standard” risks? Whatever market classification may exist, Darwin looks beyond the label to understand and underwrite an account on its own merits.
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Annamarie Haught, JD serves as Darwin’s lead LPL underwriter. She has more than 17 years experience in the legal and insurance segments, with ten years in private practice as a commercial litigator and insurance defense attorney. The combination of her private practice experience, claims and litigation management, and professional liability underwriting capabilities provides Darwin’s LPL insureds with a superior level of service and knowledge of complex areas of exposure.
Annamarie can be reached at ahaught@darwinpro.com or 860-507-1031 to discuss LPL account opportunities.
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Target Segments
Darwin’s LPL coverage is geared towards smaller firms with up to 20 attorneys in numerous areas of practice. Firms that may be classified as “non-standard,” due to area of practice or previous claims history, fall within Darwin’s “sweet spot.”
Larger firms may be underwritten at the discretion of Darwin’s LPL underwriting team, usually on an excess basis.
Coverage Highlights (small law firms)
• Duty-to-defend policy
• $10,000 minimum retention
• Prior acts coverage available, subject to underwriting criteria
• In some cases, pre-underwriting loss control audits may be conducted to maximize coverage for very difficult-to-place accounts
• Extended reporting period options available
Coverage may not be available in all states.
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Forms
LPL Application (e4010, 02/2004)
LPL Entertainment Supplement (e4010ENT, 12/2003)
LPL Environmental Supplement (e4010ENV, 02/2004)
LPL Financial Institutions Supplement (e4010FI, 12/2003)
LPL Intellectual Property Supplement (e4010IP, 12/2003)
LPL Securities Supplement (e4010SEC, 12/2003)
LPL Supplemental Claim Information (e4010SUPP, 12/2003)
LPL Policy Specimen (E4000, 1/2004)
Please note: Darwin can quote from most competitors’ applications. However, for primary coverage we require a completed, signed Darwin application prior to binding a policy. Adobe® Reader® is required to view these forms.
Submissions
Submissions may be emailed to submissions@darwinpro.com or faxed to 860-507-1200.
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LEGAL NOTICE: Darwin Professional Underwriters, Inc. (Darwin) recognizes that electronic and Internet communications are an important element in transacting business and strengthening business relationships with our producers, partners, and policyholders. The “CAN-SPAM Act of 2003” requires, among other things, that commercial electronic mail messages, the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, comply with certain requirements. The requirements include identifying these messages as solicitations and giving the recipient the opportunity to “unsubscribe.”
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Darwin uses electronic communications for various purposes, including educational, transactional, informational, and promotional, and to facilitate or solicit business. Until the “primary purpose” language of the “CAN-SPAM Act of 2003” is clarified, Darwin is taking a conservative view and advising that all our email and electronic communications could be viewed as an advertisement or solicitation. If you wish to unsubscribe, please follow the unsubscribe links provided in this message.
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:: Copyright 2003-2004, Darwin Professional Underwriters, Inc. ::
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