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Liberty Surplus Insurance Corporation
Contact
Christopher Depuy
Liberty Surplus Insurance Corporation
55 Water Street
18th Floor
New York, NY 10041
PH: 212/208-4157
Email:
States Where the Carrier Writes:
All 50 states and D.C.
Do you write professional insurance for judges:
No
# of Years Writing Legal Insurance:
Since 2000
Restrictions:
Determined through underwriting
Size Guidelines:
Writes firms of 10 to 125 attorneys
Highest Available Limits of Liability:
$10 Million
Deductible:
$25,000 Minimum
Limits in Excess of Deductible:
Yes
Defense Costs Included in Limits:
Determined through underwriting
Insured's Activities for Entity Not Covered by Policy:
Excludes claims arising from activities as officer, director, trustee, mgr. of other org, except as court-appointed trustee; public official; or fiduciary under ERISA under similar law, except if deemed fiduciary solely by reason of legal advice rendered.
Securities Exclusion:
None
Defense for Malicious Prosecution, Abuse of Process or Defamation:
Excludes adverse judgment or admission of such acts but covers defense.
Prior Acts Coverage:
Yes, provided insured did not give notice of claim to prior insurer or did not have reasonable basis prior to policy period to believe covered wrongful act occurred or that claim would be made or the act is covered by prior policy unless liability limits.
Input Re: Selection of Counsel:
No
Consent to Settle Provision:
Yes, but refusal to settle limits insurer's liability to its proposed settlement amount and defense costs incurred as of that time
OPTIONS FOR SCOPE OF COVERAGE
Coverage Available for:
Partners Leaving: Yes
Employed Attorneys Leaving: Yes
Part-time Legal Work: No, separate part time policy
Non-practicing Lawyers: Yes, with conditions
Government: No
In-house: No
