New Lawyers Professional Liability Insurance Market – Golden Bear
Golden Bear Insurance Company offers a Lawyers Professional liability insurance product that is broadly tailored to meet the needs of all legal professional in a world of emerging risks. Their policy can be further customized to cover unique practice areas.
Golden Bear Insurance Company:
- Founded in 1978
- Rated A (Excellent) by A.M. Best
- Admitted Coverage in Arizona & California
- Non-Admitted Coverage in Every State Except AZ & CA
- Primary & Excess Coverage Available
- Coverage Available for Law Firms with 3- 100 Attorneys
- Access is Only Available via a Semi-Exclusive Wholesale Distribution Partnership
Coverage Features and Special Enrichments Highlights:
- Appearance Pay $500 per day up to $10,000 per Policy Period
- Automatic 30-day Extended Reporting Period
- Broad Definition of Legal Services
- Coverage for Wrongful Acts occurring anywhere in the world
- Crisis Management $25,000
- Disciplinary Proceeding Expenses up to $25,000 per Policy Period
- Enhanced Insured Definition including Independent Contractor and Retired Attorneys
- Optional Extended Reporting Period to Unlimited
- o Including retirees and disabled attorneys
- Initial Claim Expenses Coverage
- The first $5,000 in Claim Expenses is incurred by the Company.
- The first $5,000 in Claims Expenses shall not reduce the Limits of Liability
- Intellectual Property Coverage Arising out of Legal Services
- Mediation Credit of $15,000
- Mutual Choice of Counsel
- Subpoena Assistance Coverage
- Wrongful Act includes Personal Injury and Publishing Offenses
Applications:
Quotes or Questions?
Contact [email protected].