IronPro, a professional liability division of Ironshore, has entered into an agreement with Jardine Lloyd Thompson (JLT) Facilities, to offer lawyers professional liability (LPL) insurance. The new LPL program will be administered and underwritten by JLT Facilities on an admitted basis on behalf of the company for law firms in selected states nationwide.
According to IronPro, the new LPL program with JLT is structured for law firms ranging in size from 1 to 25 attorneys, and its definition of professional legal services includes notary public and title insurance agent professionals. The policy deductible options are available at zero dollar and aggregate levels.
In addition, the optional extended claims reporting periods can range from one to five years or on an unlimited basis. The extended reporting also can be incorporated into program policies relating to death, total and permanent disability, and for retiring attorneys if individual has been an insured for a continuous 3-year period.
Tom Monaghan, senior vice president of IronPro, said: “Our new partnership with JLT Facilities expands our distribution and underwriting of law firms by targeting this segment. IronPro’s Lawyers Professional Liability product will provide an insurance solution for those firms in need of comprehensive professional liability protection.”
Craig Darling, president and CEO, JLT Facilities, said: “In expanding our program management business, we continue our efforts to identify core trading partners, such as IronPro that has demonstrated its commitment to professional program management.”