Philadelphia Insurance Covers In-House Counsel Unprotected by D&O

November 1, 2006

Philadelphia Insurance Cos. has launched Employed Lawyers Protection Plus, a product that protects attorneys working as in-house counsel, their support staff and eligible independent contractors from claims arising out of their work in providing legal services to the insured, including moonlighting and pro bono services.

“We designed this program to protect employed lawyers for the critical exposures not covered under typical directors and officers liability policies or other liability forms,” explained Thomas Herendeen, vice president for specialty lines underwriting.

Protection is provided to the in-house attorney including matters where indemnification by the employer is not permitted or withheld. Claims alleging malpractice against the in-house attorney, which are excluded under many directors and officers policies are covered and may be brought by third parties as well as their employer and shareholders.

Employed Lawyers Protection Plus is admitted in 39 states and can be provided on a non-admitted basis in most other states. Acceptable classes include most types of privately held and non-profit organizations, as well as publicly traded companies with less than $1 billion in market capitalization. Other underwriting criteria and restrictions apply.

Source: Philadelphia Insurance Companies
Web site: http://www.phly.com/

Topics Directors Officers

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