First Indemnity Insurance Group, a specialty insurance agency dedicated to professional liability products for lawyers and law firms, today introduces its Excess Protect insurance coverage for law firms of one to 750 attorneys. Excess Protect, which was created in response to shrinking capacity and higher rates in the professional liability market, is designed to help protect law firms that may be carrying inadequate coverage or are seeking higher limits.
“The world is an increasingly complicated place and the risks facing law firms are considerable and increasing,” said John Randolph, vice president of First Indemnity. “First Indemnity’s Law Firm Excess Protect can help close coverage gaps for firms that aren’t carrying adequate coverage or those that need higher coverage limits due to the challenges and risks associated with running a modern law firm.”
First Indemnity provides Excess Protect through a carrier rated A (Excellent) by A.M. Best Company. Coverage can be written on an admitted or non-admitted basis, with both follow and non-follow forms available.
According to Randolph, the minimum attachment point or the amount over which Excess Protect would apply, is $100,000 with limits written up to $10 million.
More about First Indemnity
Founded in 1989, First Indemnity Insurance Group has continued to build its risk management skill sets for the legal community. The company’s seasoned team, including in-house underwriters, prides itself on providing specialty insurance expertise and the highest level of customer satisfaction.
