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Attorneys' Liability Assurance Society, Inc. (ALAS) A Risk Retention Group
Contact
Nancy Montroy
311 S. Wacker Drive, Suite 5700
Chicago, IL 60606
PH: 312/697-6972
Email:
States Where the Carrier Writes:
All states
Do you write professional insurance for judges:
No
# of Years Writing Legal Insurance:
28 Years
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 $100,000; 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
