Los Angeles-based E.L.M. Insurance Brokers Inc., has added two new programs. One is looking to write attorneys involved in entertainment, the Securities and Exchange Commission, intellectual property and real estate syndicates. A second market will entertain California’s hard-to-place attorneys. Plaintiff attorneys and sole practitioners may be eligible.
The hard-to-place program is designed for attorneys who have been declined by three carriers in the standard market. Coverage is underwritten by an “A-XV”-rated carrier. There is a wide range of policy limits and deductibles, with limits to $5 million/$6 million, and the minimum deductible is $5,000.
Highlights of the program include availability of coverages for prior acts, defendants reimbursement, disciplinary proceedings and successors in business. In addition, annual aggregate deductibles are available.
The coverage for new lawyers offers limits to a maximum of $1 million/$1 million aggregate, with a minimum deductible of $2,500. More information on both programs is available at: .
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