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Attorneys' Liability Assurance Society, Inc. (ALAS) A Risk Retention Group

Contact
Nancy Montroy
Attorneys' Liability Assurance Society, Inc. (ALAS) A Risk Retention Group
311 S. Wacker Drive
Suite 5700
Chicago, IL 60606
PH: 312/697-6972
Email:

Additional Contact
Mark Gralen
Attorneys' Liability Assurance Society, Inc. (ALAS) A Risk Retention Group
311 S. Wacker Drive
Suite 5700
Chicago, IL 60606
PH: 312/697-6929
Email:

States Where the Carrier Writes:
All States except Puerto Rico and the Virgin Islands

Do you write professional insurance for judges:
No

# of Years Writing Legal Insurance:
Since 1979

Restrictions:
None

Size Guidelines:
Writes firms of 35 or more attorneys

Highest Available Limits of Liability:
$75 Million each claim & $150 Million aggregate

Deductible:
Minimum $250,000; maximum $5 Million

Limits in Excess of Deductible:
Yes

Defense Costs Included in Limits:
Yes

Insured's Activities for Entity Not Covered by Policy:
Excludes claims arising out of any assured acting in his or her capacity as a director and/or officer

Securities Exclusion:
No

Defense for Malicious Prosecution, Abuse of Process or Defamation:
Yes, malicious prosecution, defamation

Prior Acts Coverage:
Coverage available at option of firm

Input Re: Selection of Counsel:
Policy provision - counsel selected by the insured shall be approved in advance by the company

Consent to Settle Provision:
Insured's consent required; but if insured rejects settlement the insurance company liability is capped for the amount for which claim could have been settled.

OPTIONS FOR SCOPE OF COVERAGE
Coverage Available for:

Partners Leaving: Yes

Employed Attorneys Leaving: Yes

Part-time Legal Work: Yes

Non-practicing Lawyers: No

Government: No

In-house: No

Updated: 02/12/2014

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