Lawyers' Professional Liability
Insure your firm with Lawyers’ Professional Liability (LPL) Insurance through the endorsed broker of the New York State Bar Association (NYSBA). More than 50 years of experience in providing law firms in New York with LPL insurance helps USI create the most comprehensive coverage.
Plan Details
The NYSBA insurance program features broad LPL coverage tailored to the unique needs of New York attorneys and law firms, with competitive rates and exclusive credits for NYSBA members.
Policy Highlights
- 5% Bar Association membership credit applied to your LPL premium for each attorney that is a member of the NYSBA.
- 7.5% risk control credit per attorney for two years after completing a qualifying CNA risk management seminar.
- Limits of Liability range from a minimum of $100,000 per claim/$300,000 aggregate up to a maximum of $10M/$10M. Claims expense outside limits coverage is available, subject to underwriting.
- Full Prior Acts Coverage available
- Broad definition of Legal Services
- Broad definition of Insured
- Professional fiduciary, trustee services ordinarily performed by a lawyer
- Arbitration, mediation, notary public and title agent services ordinarily performed by a lawyer
- Full Prior Acts available for qualifying attorneys
- Attorneys in your New York law firm, including new hires who join your firm mid-term
- Of counsel attorneys or those acting on a contractual basis for legal services rendered on behalf of your firm
- Employees of your firm, including paralegals and investigators, acting within the scope of their employment
- Attorneys and staff of predecessor firms for legal services rendered on behalf of your firm
- Retired and disabled attorneys for legal services rendered on behalf of your firm
- Former attorneys for legal services performed on behalf of your firm
- Lateral Hire Coverage
- Attorneys who join your firm may be covered for their prior acts, provided:
- they meet the terms and conditions of the policy and are subject to underwriting approval; and
- have maintained continuous claims-made coverage while in practice (however, this coverage may be excluded from the policy upon your law firm’s written request.)
- Part-time Program specifically designed if you work on average fewer than 26 hours per week in your own practice
- Extended Reporting Period provides you or your estate with extended coverage, at no additional charge, in the event of total disability or death
- Retiree Benefit provides an Unlimited Extended Reporting Period, at no additional charge, provided you have had continuous coverage by any insurer for three years
- New Attorney Discount may be available if you opened your own solo firm within one year of graduating from law school—a 30% discount in your first year; a 20% discount in your second year; and a 10% discount in your third year
Special Benefits for Sole Practitioners
Special and Amendatory Endorsements
- Fifty Percent Offset Claims Endorsement
- Fifty Percent Offset Deductible Endorsement
- Fifty Percent Offset Deductible Endorsement - Each Claim
- Each Claim Deductible Endorsement - Claims Expenses Within the Deductible
- CNA Network Risk and Privacy Claim
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Or, talk with an experienced NYSBA Insurance Program representative:
1-855-USI-0100
or email us at:
LPLCoverage@usi.com
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Lawyers' Professional Liability
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NYSBA and CNA
CNA, responsible for underwriting and administering LPL insurance, is known for its focus on commercial property and casualty insurance. It is well diversified by product, service and geographic coverage, with the ability to deliver stable performance for shareholders while providing a stable market for agents and brokers. CNA’s claim organization is segmented to manage smaller claims efficiently, while directing complex claims to highly experienced claim professionals. They are “A” rated for financial strength by A.M. Best, and also enjoy strong ratings from other independent rating agencies. CNA’s flagship insurance company, Continental Casualty Company, has been rated “A” or higher by A.M. Best since 1922.