Zurich North America Commercial, a property/casualty insurance provider, announced the creation of Employed Lawyers Select, a policy designed to provide in-house counsel and negligence-claims coverage.
Highlights of the policy include coverage for part-time lawyers and their support staff, lawyers moonlighting and contributing pro-bono work, punitive damages and personal injury claims, including emotional distress.
“Without negligence coverage, in-house attorneys could be uninsured against lawsuits arising from any erroneous legal services they might provide their employers,” said Marcia Munn, head of professional liability for Zurich North America Commercial's Specialties business unit. “Yet only about 20% of Fortune 1000 companies purchase this coverage for their attorneys.”
The coverage plan will be available to Zurich’s Specialty and Integrated Products departments, as well as companies that work with Zurich’s Financial Enterprise and Healthcare units.
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