Voluntary Resolution Refund
Waives 50% of your deductible to a maximum of $12,500 if the claim is resolved within 12 months of the report. If the claim is resolved within 24 months, 25% of your deductible to a maximum of $6,250 will be waived.
Coverage for FDCPA Claims
Unlike The Bar Plan, most carriers do not provide coverage for FDCPA claims.
Free Unlimited Extended Reporting Coverage
Available for those who retire, have attained the age of 55 and have been insured with The Bar Plan for three (3) consecutive years. Available in the event of death or permanent total disability if you have been insured with The Bar Plan for three (3) consecutive years.
First Dollar Defense
You pay your deductible only if there is an indemnity payment.
Prior Acts/Career Coverage
Provides true coverage for prior acts or omissions whether performed on behalf of the Policyholder or prior firm.
Disciplinary Proceeding Coverage
Provides coverage up to $10,000 for any formal scheduled hearing. No ¬deductible applies and coverage is excess of policy limit.
Limits of Liability
Range from $100,000 to $5,000,000 with excess limits available up to $10,000,000. In New Mexico, limits start at $500,000.
Broad Definition of Legal Services
Includes services performed as a notary public, mediator, arbitrator, administrator, conservator, executor, guardian, trustee, receiver or any similar fiduciary capacity.
Title Agent Coverage
Provides coverage as a title agent when performed on behalf of the Policyholder for clients of the Policyholder. Not available when acting as an agent for an agency.
Broad Definition of Insured
Former partners, members, officers, directors, stockholders, associates or employees of the firm or predecessor firm(s).
Innocent Insured Provision
Provides coverage to all innocent insureds who, during the Policy Period and within 20 days after obtaining knowledge of a Claim, or of an incident, act or omission that may give rise to a Claim, give written notice to the Company.
Defense for Intentional Acts
Provides a defense to both the innocent insureds and to the person accused of the wrongdoing (other than criminal allegations or defalcations of client funds or property) if the insured was acting in a professional capacity providing legal services.