Professional Liability Coverage for Law Offices

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Professional Liability Coverage

for Law Offices

Coverage you need from a name you trust – The Hartford

Most lawyers agree, professional liability coverage is essential. But, it isn’t easy to buy. At least … not until now.

Now you can get all the insurance coverage your firm needs from your local agent. All your property and casualty coverage from one company. Write one check and know that your business insurance headaches are over. Because now you can get Professional Liability coverage at competitive prices from one of the most respected names in the small business insurance market – The Hartford.

Spectrum’s Tailored Coverage Now with Professional Liability Spectrum®

, The Hartford’s industry-leading small business owner’s policy covers law offices for a wide range of liability and property risks including: • Business Liability.

• Building and Business Personal Property.

• Flexible, Tailor-Made Optional Upgraded Coverage. • Stretch Plus for Law Offices.

To make Spectrum’s coverage even more comprehensive, Professional Liability coverage can now be added to the business insurance package. Get the reliability and financial stability of The Hartford and the ease and convenience of one policy and one bill. We’ve even streamlined the application and made it quick and easy to complete.

Spectrum’s Professional Liability add-on coverage includes:

• Coverage for your professional services or those rendered for any

qualifying predecessor firm.

A predecessor firm is any law firm in whose financial assets and liabilities you are the majority successor in interest.

• Coverage for firm attorneys, “of-counsel” and non-attorney employees.

Our expanded definition of who is an insured covers attorneys, those designated as of counsel and non-attorney employees such as

paralegals, legal secretaries, etc.

• Full prior acts coverage.

Subject to underwriting, we will provide prior acts coverage.

S M A L L B U S I N E S S I N S U R A N C E

I N T E L L I G E N T • I N D E P E N D E N T • I N S U R A N C E S E R V I C E S

Louise M. Paglen, Esq. President

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• Innocent Insured Coverage.

If only one person performs the dishonest act, we defend and cover the other insureds within the firm. The policy excludes coverage for fraudulent and dishonest acts.

• Flexible deductibles.

• Awareness Provision allows you to report “incidents” that may potentially lead to a claim.

This provision allows you to report an incident that may lead to a claim and we will deem the claim made at that time and honor the date when you report the incident to us.

Other Important Coverages from The Hartford In addition to core coverages, Spectrum Professional Liability provides these additional coverages that may not be included in other policies to ensure protection against potential loss:

• Expanded definition of professional services for acts as title agent, abstractor, arbitrator and mediator.

This important protection extends coverage to other services provided, including acting as title agent, arbitrator, etc.

• Multiple extended reporting periods available by endorsement.

If coverage is cancelled or nonrenewed, you may not wish to buy prior acts coverage from a new carrier or may not be continuing coverage. In that case, you may extend the reporting period:

- 1,2,3 and Unlimited years.

- Unlimited years at no cost when insured retires (after 3 years of coverage).

- Unlimited years available for death and disability.

• Worldwide coverage.

This coverage applies to claims brought in courts in the United States and Canada, regardless of where the act occurred.

Quality Coverage and Claim Service in Uncertain Times

While Professional Liability coverage is a new addi-tion to our Spectrum business insurance package, The Hartford is not a new player in the market. All claims from Spectrum Professional Liability are handled through Hartford Financial Products, a long-time and highly respected expert in the Professional Liability insurance market. Our Professional Liability Claims Department is staffed by skilled attorneys with prior law firm experience. They are dedicated to our philosophy of customer service and excellence in claims handling. Added Value

All business insurance and Professional Liability coverage is not the same. The Hartford has nearly 200 years of experience insuring American businesses. We know the coverage your law office needs and now we’ve added Professional Liability and made it easier than ever for your convenience. And you’ll have the peace of mind knowing that your business insurance and your Professional Liability coverage are both in the capable hands of The Hartford – the small business insurance specialist.

Give your local independent Hartford agent a call and start enjoying the convenience of a true one-stop-shop for all the property casualty coverage your law office needs from The Hartford. For more information, visit sb.thehartford.com.

This flyer outlines in general terms the coverage afforded under this policy. Examine the policy carefully for any exclusions, limita-tions, or any other terms or conditions that may specifically affect coverage. The terms and conditions of the policy prevail.

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BUSINESS LIABILITY COVERAGE

Per Occurrence Limits $1,000,000 Basic per Occurrence Limit with $300,000, $500,000 and

$2,000,000 options available

Aggregate Limits Aggregate Limits are double the per Occurrence Limits – $2,000,000

Basic Aggregate Limit with $600,000, $1,000,000 and $4,000,000 options available

Medical Expenses $10,000 per person

Newly Acquired Organizations 180 Days

Fire Legal Liability $300,000 included with limits of $500,000 and $1,000,000

available as options

Automatically Covered under Business Liability Form • Employees and Volunteers included as insureds

• Broad Form Additional Insured includes subsidiaries in which greater than 50% of voting stock is owned by the Named Insured

• Broad Form Vendors as required by written contract or written agreement

• Defense Costs outside of the Limits of Insurance

• Mental Anguish resulting from bodily injury, sickness or disease • Non-Owned watercraft under 51 feet

• Other Insurance is primary for Additional Insureds when required by contract

• Per Location Aggregates included

• Personal and Advertising Liability includes coverage for discrimination or humiliation (other than employment-related)

• Property Damage to borrowed equipment not being used to perform operations at the job site

• Unintentional failure to disclose hazards • Waiver of Subrogation

OPTIONAL BUSINESS LIABILITY COVERAGES

CyberFlex Coverage Provides expanded coverage for Internet-related personal and

advertising injury

Product Recall and Replacement Coverage Options of $25,000/$50,000 and $50,000/$100,000 available

Umbrella $1,000,000-$10,000,000 Limits of Insurance available as options;

$10,000 SIR applies

Water Damage Legal Liability Options of $500,000 and $1,000,000 available

OTHER LINES OF BUSINESS • Commercial Automobile • Workers’ Compensation

Spectrum

®

Policy Highlights

Liability and Property Coverage

Does not provide a complete description of all coverage capabilities offered under Spectrum.

For complete details, see the online Product Manual and Sales Center at http://ebc.thehartford.com.

SMALL BUSINESS INSURANCE

The Hartford offers some of the broadest liability and property coverages in the industry! With our strong appetite for hundreds of business classes, plus our essential core protection, valuable coverage extensions and high limits where they’re needed most, The Hartford’s property and liability coverage can help you meet the needs of your small and larger small business customers.

Liability Coverage

*

_Limits

I N T E L L I G E N T • I N D E P E N D E N T • I N S U R A N C ES E R V I C E S

Louise M. Paglen, Esq.

President

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Property Coverage

*

_Limits

BUILDING

Building Glass Included under Building Definition

Coverage Definition 1,000 ft

BUSINESS PERSONAL PROPERTY

Employee Tools Included

Personal Property of Others Included; a separate limit of insurance may be purchased

Tenant Improvements & Betterments Included; a separate limit of insurance may be purchased

ADDITIONAL COVERAGES

Collapse* Up to Covered Property Limits

‡Debris Removal $10,000 plus 25% with optional limits available up to $75,000

Equipment Breakdown* Up to Covered Property Limits

Hazardous Substances:* $50,000 Expediting Expenses:* $50,000 Upgrade Allowance:* 125%

Fire Department Service Charge $25,000

Fire Extinguisher Recharge Up to Covered Property Limits

‡Forgery* $5,000 with optional limits up to $250,000* available

Glass Expense Actual Loss Sustained

Lock and Key Replacement $1,000

Money & Securities* $10,000 Inside/$5,000 Outside with optional limits up to $50,000 Inside/$25,000 Outside

Ordinance or Law Coverage* Undamaged Portion: $25,000

Demolition Cost: $25,000

Increased Cost of Construction: $25,000 Tenants Improvements and Betterments: $25,000

Full Limits Available as an Option

Pollutants and Contaminants $15,000

Preservation of Property 45 Days

Theft Damage to Building* Up to Covered Property Limits

Water Damage, Other Liquid, Powder or Up to Covered Property Limits

Molten Material Damage*ø

Business Income Actual Loss Sustained up to 12 Months (specified limit coverage may be required for selected

classes or programs) No Waiting Period

Extra Expense Actual Loss Sustained up to 12 Months (specified limit coverage may be required for selected

classes or programs)

Civil Authority Actual Loss Sustained up to 12 Months**

‡Extended Business Income 30 days with higher limits provided under the Spectrum Stretch Endorsements

‡Business Income from Dependent Properties $5,000* with optional limits up to $100,000 available

Tenant Glass $25,000

Leasehold Improvements $25,000

Lease Assessment $2,500

Increased Cost of Construction: Buildings $10,000 (Standard Property Coverage Form Only)

COVERAGE EXTENSIONS

‡Accounts Receivable $25,000 On-Premises; $25,000 Off-Premises with optional limits up to $1,000,000 available

Arson and Theft Reward $10,000

Data and Software $10,000

Garage, Storage Buildings and Appurtenant Building: $50,000

Structures Business Personal Property: $5,000

* Special Property Coverage Form Only * * 72-hour waiting period

‡ Denotes coverage options commonly covered under one of the Stretch endorsements

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Property Coverage

(continued)

Limits

COVERAGE EXTENSIONS (continued)

‡Newly Acquired or Constructed Property Building: 25% of Building Limit up to $500,000

Business Personal Property: $250,000 Business Income: $50,000

Maximum 180 Days

Higher Limits available under the Spectrum Stretch Endorsements

‡Outdoor Property $10,000 Aggregate/$1,000 per tree, shrub or plant;

Radio and Television Antennas, including Satellite Dishes – $2,000

‡Personal Effects $10,000

‡Property Off-Premises Includes property in transit in owned vehicles:

Building: $5,000 (no transit coverage for building) Business Personal Property: $2,500

Optional limits up to $100,000 available

‡Valuable Papers and Records: $25,000 On-Premises; $25,000 Off-Premises with optional limits up to

Cost of Research $1,000,000 available

LIMITS OF INSURANCE

Building Limit Automatic Increase 8%

Business Personal Property: Seasonal Increase 25% with options of up to 50% available

DEDUCTIBLES

Standard Property Deductible $250 with options of $500, $1,000, $2,500 and $5,000 available

Deductible applicable to all Additional Coverages and Coverage Extensions unless otherwise stated: $250 (Spectrum Xpand Standard is $500 with above options)

OPTIONAL PROPERTY COVERAGES

‡Backup of Sewers and Drains Options up to $100,000

‡Business Income Extension for $25,000, subject to a 12-hour waiting period for Spectrum

Off-Premises Utility Services

‡Computer Fraud Options of up to $100,000

‡Computers/Media Options of up to $1,000,000 – 12-hour waiting period applies to business income

loss for viruses

CyberFlex Business Income

Web Site/Internet Services $50,000 – 12-hour waiting period applies

Denial of Service $10,000 – 12-hour waiting period applies

Web Site Vandalism $2,500

Good Faith Advertising $5,000

Earthquake Coverage Full and Sub-Limit capabilities available for Spectrum.

Earthquake Sprinkler Leakage Coverage Full and Sub-Limit capabilities available for Spectrum.

‡Fine Arts Coverage Options up to $500,000; $25,000 maximum limit per item

‡Off-Premises Utility Services: Options up to $50,000

Direct Damage Coverage

Scheduled Property Cameras, Cellular Phones, On-Premises Personal Property, Catering, Musical Instruments

‡ Signs Away from the Premises – Outdoor Signs Available

‡Temperature Change Options up to $100,000; Up to $250,000 for Food Processors Classes

‡Transit Property in the Care of Carriers of Hire Options up to $100,000

* Special Property Coverage Form Only

‡ Denotes coverage options commonly covered under one of the Stretch endorsements

I N T E L L I G E N T • I N D E P E N D E N T • I N S U R A N C ES E R V I C E S Louise M. Paglen, Esq.

President

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S M A L L B U S I N E S S I N S U R A N C E

Law Offices

Stretch

®

_Options

Standard Super Stretch for

Stretch Super Stretch® _{Law Offices}

Coverage SS 04 08 SS 04 74 SS 04 94

Accounts Receivable

(On- and Off-Premises Exposures) $25,000 limit

Computers & Media $10,000 limit

Debris Removal $25,000 limit

Personal Proper ty of Others $10,000 limit

Temperature Change $10,000 limit

Valuable Papers and Records

(On- and Off-Premises Exposures) $25,000 limit

Back Up of Sewers and Drains

(Within Covered Proper ty Limit) Included Included Included

Brands & Labels (Within BPP Limits) Included Included Included

Business Income from Dependent Proper ties $25,000 limit $50,000 limit $50,000 limit Business Income: Newly Acquired Premises –

180 Day Maximum $500,000 limit $500,000 limit $500,000 limit

Business Income: Off-Premises Utilities

Ser vices $25,000 limit $25,000 limit $25,000 limit

Business Income Extended Time Period 60 days 90 Days 90 days

Claims Expense $10,000 limit $10,000 limit $10,000 limit

Computer Fraud $5,000 limit $5,000 limit $5,000 limit

Employee Dishonesty/ERISA $10,000 limit $25,000 limit $25,000 limit

A Blanket Limit of $150,000 at each described location for these coverages.

A Blanket Limit of $250,000 at each described location for these coverages. The Hartford’s enhanced Stretch endorsements provide powerful options for the protection of your business – for example, the $250,000 blanket limit in our Super Stretch for Law Offices. Choose the Stretch that meets your busi-ness needs.

Louise M. Paglen, Esq. President

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Standard Super Stretch for

Stretch Super Stretch® _{Law Offices}

Coverage SS 04 08 SS 04 74 SS 04 94

Fine Ar ts $10,000 limit $25,000 limit $25,000 limit

Forger y $10,000 limit $25,000 limit $25,000 limit

Laptop Computers Worldwide Coverage* $5,000 limit $10,000 limit $10,000 limit

Law Libraries N/A N/A $25,000

Newly Constructed or Acquired Buildings –

180 Days Maximum $1,000,000 limit $1,000,000 limit $1,000,000 limit

Newly Constructed or Acquired BPP –

180 Days Maximum $500,000 limit $500,000 limit $500,000 limit

Off-Premises Utilities Services – Direct Damage $10,000 limit $25,000 limit $25,000 limit

Outdoor Proper ty $1,000/$20,000 $1,000/$25,000 $1,000/$25,000

limit limit limit

Outdoor Signs All All All

Pairs & Sets (Within BPP Limits) Included Included Included

Personal Effects $25,000 limit $25,000 limit $25,000 limit

Proper ty at Other Premises $10,000 limit $10,000 limit $10,000 limit

Proper ty Off-Premises $15,000 limit $25,000 limit $25,000 limit

Salespersons’ Samples $1,000 limit $5,000 limit $5,000 limit

Tenant Building Coverage-Required by Lease N/A $20,000 limit $20,000 limit

Transit – Proper ty in the Care of Carriers

for Hire $10,000 limit $10,000 limit $10,000 limit

Valuation Changes Included Included Included

Web Site Business Income $10,000 limit/ $50,000 limit/ $50,000 limit/

7 days 7 days 7 days

Price $125** $175** $175**

*Not covered if checked as baggage. **Except in California.

The Select Customer Stretches listed here are optional endorsements to the Spectrum®_policy.

This information sheet outlines in general terms the coverages that may be afforded under a Hartford policy. All policies must be examined carefully for any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail. All Hartford coverages described in this document may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc.

Louise M. Paglen, Esq.

President 1135 Kildaire Farm Road