Midwest Lawyers represents some of the finest insurance carriers in the United States. Our emphasis is serving lawyers with quality professional liability insurance.
Chubb Old Republic One Beacon Carolina Casualty Admiral Professional Solutions –and other quality companies.
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Midwest Lawyers
2024 NW 92nd Court, Suite 20
Des Moines, IA 50325
Tel (866) 221-1993
Local (515) 221-0100
Fax (515) 224-7217
Email: Click here to Email Us
You need professional insurance coverage.
Law firms are increasingly becoming targets of lawsuits, according to the latest "Profile of Legal Malpractice Claims" a study published by the American Bar Association’s Standing Committee on Lawyers’ Professional Liability. The study recorded 36,844 claims against lawyers between 1996 and 1999, versus 19,158 claims in a previous study for 1990 through 1995. The most recent study reported that 6,686 lawsuits against lawyers were settled, versus 4,897 suits in the earlier study.
Of those lawsuits that went to trial, there were 289 judgments for the plaintiffs in the most recent study compared to 29 judgments for the plaintiffs in the earlier study. According to the most recent study, 13.8 percent of the claims resulted in payouts by lawyers or law firms of more than $10,000.
Midwest Lawyers is proud to represent companies like Chubb.
Outstanding facts about Chubb's ChubbPro Lawyers Professional Liability include:
The policy is claims made, not claims made and reported, which means insureds can report a claim after the expiration of the policy period as long as they continue to renew with Chubb.
In addition to the traditional legal services, the definition of professional services includes escrow agent, arbitrator or mediator, government affairs advisor or lobbyist, and title agent.
The expanded definition of claim includes written demands for arbitration, appeals, and disciplinary or grievance proceedings before a court or bar association.
The definition of wrongful act is broad.
Chubb promptly advances defense costs, and the insured may retain counsel of its own choosing.
There is an exception to the insured versus insured exclusion for intra-firm representation.
The definition of insured person includes any past, present, and future person or entity whose labor or service is engaged by and directed by the firm to perform professional services.
There is no retention for disciplinary and grievance proceedings.
The definition of loss not only includes punitive damages where permitted by law, but also has most favorable jurisdiction language.
There is an exception to the exclusion regarding the insured person providing service on behalf of any entity other than the firm which provides coverage for service for a nonprofit professional legal association.
And, as proof of Chubb’s financial strength and longevity in the market:
Producers ranked Chubb first out of 40 carriers in a 2004 Goldman Sachs survey of quality service.
Three of the 15 insurers that have earned a rating of A+ or higher from A.M. Best Company in each of the past 50 years are members of the Chubb Group of Insurance Companies.
