First Indemnity Insurance Group, a specialty insurance agency providing professional liability products for lawyers and law firms, has launched Excess Protect insurance coverage for law firms of one to 750 attorneys.
Excess Protect, which was created in response to shrinking capacity and higher rates in the professional liability market, is designed to help protect law firms that may be carrying inadequate coverage or are seeking higher limits.
First Indemnity provides Excess Protect through a carrier rated A (Excellent) by A.M. Best. Coverage can be written on an admitted or non-admitted basis, with both follow and non-follow forms available.
The minimum attachment point or the amount over which Excess Protect would apply, is $100,000 with limits written up to $10 million.
Founded in 1989, First Indemnity Insurance Group uses in-house underwriters and maintains seven regional offices in Boston, New York, Philadelphia, Tampa, Chicago, Dallas and Los Angeles. It is headquartered in Lynn, Massachusetts.
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