Professional Liability Insurance Directory
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Noetic Specialty Insurance Co. (formerly Promarc® Alternative Risk Program)
Contact
Richard Butler
Medmarc Casualty Insurance Co.
14280 Park Meadow Drive
Suite 300
Chantilly, VA 20151-2218
PH: 508/668-6922
Toll Free: 800/356-6886
Email:
States Where the Carrier Writes:
Alabama, Arizona, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Mexico, New York, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin
Do you write professional insurance for judges:
No
# of Years Writing Legal Insurance:
12 Years
Restrictions:
No SEC work, no intellectual property work
Size Guidelines:
Target 1-15, but will consider larger qualified firms
Highest Available Limits of Liability:
$1 Million each claim; $1 Million aggregate
Deductible:
Minimum $5,000 to $50,000 aggregate
Limits in Excess of Deductible:
No
Defense Costs Included in Limits:
Yes
Insured's Activities for Entity Not Covered by Policy:
Excluded
Securities Exclusion:
Yes, "from any Securities Activities of the Insured," as defined by policy.
Defense for Malicious Prosecution, Abuse of Process or Defamation:
Yes
Prior Acts Coverage:
Yes, at underwriters discretion.
Input Re: Selection of Counsel:
Policy provision reserves Company's right to appoint counsel.
Consent to Settle Provision:
Shall not settle any claim without the prior consent of the insured.
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: Yes, by endorsement
In-house: No
