Corporate Counsel: Employed Lawyers Professional Liability Insurance
According to a September 2, 2004 article in corporate Counsel magazine, "ELP policies cover claims for malpractice arising out of the legal work an employed lawyer performs for the company or organization. . . . ELP is designed primarily to cover claims that are made by third parties -- for example, persons or entities who are neither directors or officers nor employees of the company or organization. In addition, there may be coverage for claims by certain individuals within the company or organization who the attorney is assigned to represent as a condition of his employment."
2 Comments:
Thank you for introducing this topic. Unfortunately, all employed lawyers do not have this important coverage.
This coverage is important and should not be overlook. I highly recommend purchasing the insurance. thanks for the tip :)
Post a Comment
<< Home
© 2004-2007 William F. Heinze