Allied World US has introduced a new admitted lawyers’ professional liability product, to help law firms to emerge from challenges faced in the current environment.
Dubbed as Allied World LPL Assure, the new product addresses challenges such as, provisions specifically addressing Privacy and Network Security Wrongful Acts, with coverage up to the full policy limit for no additional premium.
Besides, the new product offers $25,000 of supplemental privacy coverage for credit monitoring, notification, crisis management and data forensics (subject to certain restrictions).
Starting from January 2014, Allied World US will start accepting applications for firms with up to 50 attorneys.
Allied World US professional liability vice president Joe Labieniec commented, "Allied World continues to respond to an evolving Lawyer’s Professional market, providing needed coverage solutions while maintaining superior claims and risk management service."
The company is a unit of Allied World Assurance Company Holdings (AWH), which offers property, casualty and specialty insurance and reinsurance services through a global network of offices and branches.