L Squared Insurance has an exciting new program for those law firms that derive 65% or more of their revenue from Patent, Trademark and/or Copyright. Designed specifically for IP Law Firms, it offers:
· 100% Deductible Waiver Resolution Incentive- Deductible waived if demand settled by mediation or within 364 days of the demand
· $30,000 Disciplinary Proceedings Costs Reimbursement with “No Action” outcome
· $50,000 United States Patent Office Disciplinary Costs Reimbursement with “No Action” outcome
· $30,000 Security Breach Regulatory Investigation Expense
· 10% up to $100,000 maximum one-time additional Claim Expense Gap Allowance
· $25,000 Per Crisis Event/ $50,000 Per Policy Period Public Relations Coverage
· $500 Per Diem Day / $15,000 per Insured/ $50,000 per Policy Period Loss of Earnings
· Loss Control/Risk Management Services by Freeman Mathis & Gary, LLP
o Risk Management document repository
o Drafts and templates for business
o Articles and white papers on trending IP Topics
o IP and LPL Firm Specific webinars, blogs, and social media
· $50,000 Pre-Claim Expenses per Policy Period maximum
o 2 hours of free IP Risk Management Hotline per Policy Period
· $50,000 Pre-Claim Subpoena Expenses per Policy Period
o 2 hours of free IP Risk Management Hotline per Policy Period
· $15,000 per Privacy Event/ $30,000 Aggregate for all Privacy Events
· $25,000 per Policy Period/ $50,000 Aggregate per Policy Period Non-Profit Director & Officers Claim Reimbursement
The program is underwritten by an AM Best A+ (non-admitted) insurer. The insurer is looking to grow this program wanting firms with favorable 5 year loss history but will also consider firms with past claims depending on the loss frequency and severity.
If interested, please down load the following indication form or send us a new business application from your existing insurer.
IP Lawyers Indication Form.pdf