Professional Services:
The LPP® will pay for judgments and settlements for malpractice committed in performing "professional services" not only as a lawyer, but also for those services rendered as an administrator, conservator, executor, guardian, trustee, receiver or in any other similar fiduciary capacity in connection with and incidental to your law firm’s practice.

Defense Cost Coverage:
The LPP® will pay for the fees charged and expenses incurred by attorneys that represent your law firm in connection with malpractice claims that are covered under the policy.

Consent for Settlement:
The LPP® will not settle a claim without your written consent.

Predecessor Firms:
The LPP® can provide coverage for predecessor firms subject to underwriting discretion.

Coverage for Innocent Partners:
The LPP® will not exclude coverage for insureds having no knowledge or reason to suspect any criminal, intentionally wrongful, fraudulent or malicious act or omission took place giving rise to a claim, if such insured did not also participate in such act or omission and the LPP® was notified in a timely manner. (NY only – criminal conduct never covered).

Loss of Earnings Coverage:
The LPP® policy will pay up to $500 for actual loss of earnings for each day the insured is at trial, court-ordered hearing, arbitration or mediation at the LPP’s request, up to $5,000 per claim and $25,000 per policy period. This coverage is not subject to the policy’s deductible and will not reduce the policy’s limit of liability.

Disciplinary & Licensure Defense:
The LPP® will pay up to $30,000 per policy period for the defense of any disciplinary action brought against an insured during the policy period. The coverage is not subject to the policy’s deductible and will not reduce the policy’s limits of liability.

Of Counsel Services:
The LPP® policy provides coverage for professional services performed for the named insured by Of Counsel.

Independent Contractors:
The LPP® policy provides coverage for professional services performed for the named insured by independent contractor attorneys.

Arbitration/Mediation Services:
Services rendered as an arbitrator or mediator are covered at no additional cost.

Title Agent Services:
Title agent services covered at no additional cost for lawyers performing title agent services for clients.

Notary Public Services:
Notary public services covered at no additional cost.

Worldwide Coverage:
The LPP® policy will respond to covered claims arising from professional services rendered anywhere in the world, provided that the claim is made or suit is brought within the United States, its territories, its possessions, or in Canada.

Prior Acts Coverage:
The LPP® standard policy contains a lateral hire exclusion so that the firm's limits are not exposed for acts or omissions of a newly hired attorney committed while practicing at a prior firm. Prior acts coverage may be available subject to underwriting review.

Deductible:
The LPP® standard policy is a per claim deductible. An aggregate deductible may be available subject to underwriting review.

Free Claims Reporting Grace Period:
Claims made against your firm during the policy period may be reported to the LPP® up to 30 days after the cancellation or non-renewal of the policy.

Free Retirement Extended Reporting Period:
If an insured lawyer of the firm is at least 55 years of age, has been consecutively insured through the LPP® for at least 4 consecutive policy periods, and timely notifies the LPP® of his/her retirement from the practice of law, such lawyer shall be entitled to a free unlimited extended reporting period.

Free Death & Disability Extended Reporting Period:
If an insured lawyer of the firm dies or becomes permanently disabled during the policy period and timely notification of such death/disability is given to the LPP® along with supporting documentation, then such lawyer or estate shall be entitled to a free unlimited extended reporting period.