Greenwich Insurance Attorney Malpractice Insurance Policy – Disciplinary Coverage
More than a few attorneys forget to take advantage of Disciplinary Coverage until it is too late. Attorney Malpractice Insurance policies that offer this coverage can be ‘Duty to Defend’ or ‘Reimbursement’. Even though the Greenwich’s Insurance policy malpractice coverage is ‘Duty to Defend’, the disciplinary coverage is ‘Duty to Defend’ if the Insured requests. Policy wording for disciplinary coverage and reporting differs by carrier. The disciplinary reimbursement is not subject to the policy deductible.
Policy Coverage:
II. EXTENSIONS OF COVERAGE
A. At the request of an Insured, the Insurer shall defend a proceeding first brought during the Policy Period against such Insured by a bar association, licensing board, disciplinary board, peer review committee, or similar entity alleging professional misconduct or violation of the rules of professional conduct and reported to the Insurer pursuant to Section VII. herein; provided that such proceeding arises from an act or omission described in Sections I.A. and I.B. herein. The Insurer’s obligation under this provision is subject to a limit of $30,000 for each proceeding and $100,000 in the aggregate per Policy Period for all Insureds for all Claim Expenses incurred by counsel selected by the Insurer, regardless of the number of such proceedings. In no event shall the Insurer be obligated under this provision to pay any amount other than Claim Expenses.
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Lee Norcross, MBA, CPCU
Managing Director, CEO
(616) 940-1101 Ext. 7080