IronPro, the professional liability division of Ironshore Inc, has entered into a joint relationship with Jardine Lloyd Thompson (JLT) Facilities Inc. to offer lawyers professional liability (LPL) insurance. IronPro’s new lawyers professional liability program will be administered and underwritten by JLT Facilities on an admitted basis on behalf of Ironshore for law firms in selected states nationwide.
The new partnership with JLT Facilities expands IronPro’s distribution and underwriting of law firms by targeting this segment.
“IronPro recognizes the largely unmet demand within the legal community to secure broad liability coverages amongst small- to mid-size law firms,” said Tom Monaghan, senior vice president of IronPro.
IronPro’s Program with JLT is structured for law firms ranging in size from 1 to 25 attorneys, and its broad definition of professional legal services includes notary public and title insurance agent professionals. Policy deductible options are available at zero dollar and aggregate levels. Optional extended claims reporting periods can range from one to five years or on an unlimited basis. Extended reporting also can be incorporated into program policies relating to death, total and permanent disability, and for retiring attorneys if the individual has been an insured for a continuous 3-year period.
Source: Ironshore, www.ironshore.com
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