Ironshore offers coverage to protect attorneys from personal financial loss
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HAMILTON, Bermuda—Ironshore Inc. has launched a lawyers management liability program offering individual attorneys coverage for personal financial loss risks that arise from a firm's insolvency.
The products were developed in response to Dewey & LeBoeuf L.L.P. filing for Chapter 11 bankruptcy protection, the insurer stated Monday in a statement. The program is offered through its Lloyd's Pembroke syndicate 4000.
“Lawyers liability programs comprise the largest business class underwritten in Pembroke's Professional Lines division,” said David White, director of professional lines for the syndicate, in a statement. “The new management liability cover designed for lawyers offers a seamless solution for law firms seeking to protect their partners against an unusual and unexpected dissolution of the entity, when combined with our asset protection policy.”
Pricing is determined on a case-by-case basis.
For more information, contact David White, director of professional lines at Pembroke Underwriting, at +44 (0)20 7337-4420 or david.white@pembrokeunderwriting.com.
