Errors & OmissionsLiability Professional firms are constantly at risk of being sued over the services they perform. Even if a lawsuit has no merit, defending
against one can be costly. We understand these unique concerns and offer tailored coverage to dozens of specific types of
ChubbPro Lawyers Professional Liability A lawsuit over an actual or perceived error can be costly to defend and result in significant financial loss. We work hand-in-hand
with law firms, small and large, to provide comprehensive professional liability insurance, as well as risk management expertise.
Chubb's new ChubbPro Lawyers Professional LiabilitySM insurance policy is designed to help protect law firms of 10 or more
attorneys. We deliver underwriting expertise that is unique in the industry - our underwriters assess each firm on its own
merits and develop a program of liability insurance designed to meet the particular needs of each firm. Because each law firm has a unique culture, our underwriters conduct an underwriting meeting with each prospective insured,
either in person or by conference call, allowing us to assess the firm's management and internal controls, tailor coverage
to the firm's needs, and provide the firm with practical feedback on important risk management issues. Ongoing loss control
services and unparalleled claims service by our attorney-claims specialists complete the package. Chubb serves the needs of many of the largest and most prestigious law firms worldwide, with coverage features that include:
Claims made policy, not claims made and reported.
Definition of professional services expanded to include escrow agent, arbitrator or mediator, government affairs advisor or
lobbyist, and title agent.
Expanded definition of claim.
Broad definition of wrongful act.
Limits of up to $25 million available.
Advancement of defense costs.
Right to select own counsel in the event of a claim.
Innocent partner protection.
Bilateral (two-way) extended reporting period option.
Non-cancelable by the insurer once the premium is paid.
Our underwriters are also able to customize a policy with additional enhancements to suit the individual needs of insured
Employed Lawyers Professional Liability
As cost-conscious companies have in-house counsel perform services traditionally delegated to outside law firms, corporate
attorneys face increasing liability exposures, especially to non-client third parties. The Public Company Accounting Reform
And Investor Protection Act of 2002 (Sarbanes-Oxley Act) has increased the legal community's awareness of liability issues
as well. Chubb understands the unique risks faced by in-house attorneys, and we developed our Employed Lawyers Professional
(ELP) Liability Insurance program to provide broad, responsive coverage for in-house counsel in this changing environment.
The Chubb ELP policy includes the following coverage features:
Coverage for claims by non-client third parties.
Coverage for SEC and regulatory claims available.
No deductible for claims not indemnified by the employer, and full reimbursement coverage (subject to a self-insured retention)
for indemnified claims.
Punitive damages coverage (where insurable by law).
Coverage for claims by coworkers for discrimination, harassment, or wrongful termination that arise out of the attorney's
legal work for the company.
Coverage for claims by individual employees the in-house attorney is assigned to represent.
Defense cost coverage for claims brought by the employer, the board of directors, and officers.
Coverage for employer-approved pro bono representations.
Employed Lawyers Professional Liability Resource Centre:
Media Liability Insurance, which helps protect the insured against claims arising out of the gathering and communication of
information, is critical to any media organization. The variety of claims being asserted against the media, and the size of
jury verdicts against media organizations, are constantly on the rise. A sound media liability insurance program is therefore
essential. Chubb's Media Liability products have been crafted by experienced First Amendment counsel familiar with defending
media claims and with counseling media clients on methods of avoiding media claims before they occur. Chubb currently offers
products providing state-of-the-art media liability coverage tailored to the specific insurance needs of news organizations
and Multimedia Liability Insurance, which provides media coverage for virtually any class of media business.
E&O Liability Protection for Traditional and Nontraditional Media Organizations.
Regardless of a company’s business, if it gathers and disseminates information, then it faces the same litany of media liability
exposures as a publisher, broadcaster, advertising agency, video or film producer, or any other media organization.
That’s why we created MediaGuard by Chubb - a broad, flexible errors and omissions (E&O) liability insurance policy that specifically
addresses the nature of these risks.
MediaGuard by Chubb highlights:
“Occurrence form” covers activities that occur during the policy period (regardless of when claim is first made).
“All risk” coverage goes beyond specified “named perils” to include risks arising out of the core functions of advertising,
broadcasting, publishing and video and film production: gathering and creating information and communicating it to the public.
Built-in coverage for advertising content.
Negligent publication coverage for any claim alleging harm to a person or entity that acted or failed to act in reliance upon
the information published.
Our customer fully controls whether to settle or retract content and can choose between reimbursement of defense costs or
duty to defend.
No “insured versus insured” exclusion with respect to internal copyright disputes.
Punitive damages coverage, where insurable by law.
Minimum of 90 days coverage for acquisitions and creations (organizations, covered media) with potential for automatic coverage
until the end of the policy period (depending upon actual or projected revenues).
Internet Liability clause with automatic coverage for newly created Web sites after the policy incepts.
Chubb offers Errors and Omissions (E&O) Liability Insurance coverage for dozens of classes of professionals, featuring specially
tailored coverages to meet the distinct needs of individual professions.
Chubb has available limits of $15 million on a primary or excess basis.
Unsure if E&O Liability (Miscellaneous Professional Liability) Insurance fits your company's needs? Read on to understand
why your company may need it.
Miscellaneous Professional Liability Resource Centre: