Lawyers Professional Liability
Safeguarding Lawyers and Law Firms with Comprehensive Liability Coverage
Aura Risk recognizes the distinct risks lawyers and law firms encounter, and we are dedicated to safeguarding their interests. Our comprehensive Lawyers Professional Liability Insurance policies are specifically tailored to address the unique challenges associated with legal services, including claims arising from malpractice, negligence, and breaches of professional duty.
We understand that lawyers face specialized challenges in their practice, and our commitment to their protection is unwavering. Through our extensive network of A-rated carriers, we offer tailored coverage options designed to provide lawyers and law firms with the comprehensive protection they need.
Coverage Forms
Non Standard – Primary Risk Appetite
Highlights
- Law Firms with 1 to 25 attorneys
- Automatic coverage of $10,000 for disciplinary proceedings
- Duty to defend form
- Prior acts terms available
- High risk areas of practice such as Intellectual Property, Class Action Plaintiffs, Collections, Real Estate and Securities
- $5,000 minimum retention
- Prior history of claim frequency or severity
- Incidents of prior disciplinary or staffing issues
- Expanded definition of professional services
- Retro Repair
- Policy Limits up to $2 million per claim
Restricted classes
- Law License currently suspended or revoked
Stand Alone Extended Reporting Period
Highlights
- Limits up to $2 million per claim / $2 million aggregate
- $5,000 Minimum Retention
- Coverage available for individual attorney or firm
- New or Fresh Limit of Liability
- Can extend existing in force or expiring reporting periods
- Low limit options available for cost savings
- Up to 60 months coverage
Restricted classes
- Currently Suspended or Revoked License
- Firms with frequency of large claims
Excess Following Form
Highlights
- True Following Form Excess Policy
- Limits up to $5 million per claim / $5 million aggregate
- Minimum Attachment over $500,000 per claim
- Aggregate Only Excess Limits Available
- Prior Acts Coverage Available
- Specific Client / Contract coverage available
- Up to 60 months coverage
- Admitted and Non-Admitted options
Restricted classes
- Risks where the underlying carrier is not rated “A-“or better by A.M. Best
- Currently Suspended or Revoked License
- Firms with frequency of large claims
Why Aura Risk?
Our goal is to make it easier for you as a broker providing a more effective way to do business, by creating simpler ways to source
insurance solutions by connecting you to insurance products through our carrier partners.
Specialized Insurance Solutions
Aura Risk is a leading wholesale distributor of specialty insurance products. Our team works with top-rated carriers, giving you access to diverse markets for tailored client solutions.
Excellence in Service
With over 100 years of combined insurance experience, our team is knowledgeable and ready to help you secure the coverage that is right for your client.
National Coverage
Many of Aura’s insurance carriers have a national reach, providing coverage to businesses throughout the United States
Ready to Get Started?
Don’t wait until it’s too late. Contact us today to learn more .