Target Insurance Services and The Hartford Financial Services Group, Inc. has introduced a new Lawyers Professional Liability Program that provides broad coverage customized to the needs of each law firm.
The program is underwritten by The Hartford’s Hartford Financial Products division (HFP) and is sold through Target Insurance Services, a countrywide program administrator-managing general underwriter specializing in lawyers professional liability coverage.
The stand-alone policy can be customized to meet the specific needs of an individual law firm. Features include:
* Coverage for lawyers who are independent contractors
* Extended Reporting Period (ERP) available that follows lawyers into retirement
* Individual ERP option to protect individual lawyers if their law firm
* Unlimited ERP option
* Coverage for Bar Association-related activities
* Reduced deductible for firms that agree to settle issues through arbitration or mediation
The policy is available from any agent through Target.
“The Hartford protects smaller law firms with a business insurance policy that includes professional liability insurance but that isn’t sufficient to meet all of their needs,” said Greg Leffard, HFP’s vice president of lawyers professional liability. “Many middle market and larger law firms want a comprehensive, stand-alone professional liability policy that will provide more protection than policies currently available in the marketplace. That’s why we’ve teamed with the experts at Target Insurance Services to raise the bar for lawyer protection,” Leffard added.
“This new partnership allows Target to use its extensive program management experience to underwrite an excellent lawyers package from a top carrier,” said Scott Williams, vice president and general manager of Target Insurance Services. “The Hartford is exceedingly easy to work with and has a strong A+ rating from A.M. Best. The combination of service and product features makes this selection an open and shut case.”
For further information, contact Scott Williams at swilliams@target- capital.com 800-692-5752 ext. 133, or Shawna Reidy, 800-692-5752 ext. 114 firstname.lastname@example.org, or visit http://www.target-capital.com/.
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