Professional Liability Insurance Directory
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Promarc® Preferred Program
Contact
Irwin F. Giles
One Hollow Lane
Suite 204
Lake Success, NY 11042
PH: 516/365-6357
800/870-7750
Email:
States Where the Carrier Writes:
Alabama, Arizona, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, Missouri, Nevada, New Mexico, New York, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, Texas, Utah, Wisconsin
Do you write professional insurance for judges:
No
# of Years Writing Legal Insurance:
8 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:
$3 million each claim $3 million aggregate
Deductible:
Minimum $1,000 to $50,000
Limits in Excess of Deductible:
No
Defense Costs Included in Limits:
Yes, exceptions by endorsement
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, defense provided for malicious prosecution and defamation
Prior Acts Coverage:
Yes, included as set forth by retro date
Input Re: Selection of Counsel:
Policy provision reserves right to appoint counsel, but endorsement permits mutual selection
Consent to Settle Provision:
Shall not settle any claim without the prior consent of the insured. Company will give Insured written notice of any recommendations to settle, if insured does not consent to settle, the company will reimburse 25% of additional amounts paid by the insured for defense and settlement which exceeded the settlement recommended by the company.
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
