business insurance

Customarq for Law Firms TOP 10 reasOns WHY...

Law firms know how to provide superior service to their clients. “Doing the research” and “sweating the details” are hallmarks of the top firms. When it comes to insurance, these firms expect a property and liability program that recognizes the special needs of law firms and reflects the same high level of dedication to detail. Chubb underwriting specialists are experienced in the intricacies of law firms and work with you to help protect your clients’ assets and operations wherever in the world they are located. No wonder more than 90 percent of the top 200 law firms listed in The American Lawyer magazine’s “Am Law 200” choose Chubb!

Here are the top 10 reasons why chubb should be your choice.

Lessors of Premises and Equipment

Customarq for Law Firms’ general liability contract automatically includes lessors of premises and equipment as insureds, an important feature for law firms that lease their office space or electronic systems.

Automatic Blanket Limit

Customarq for Law Firms’ $500,000 automatic blanket limit of insurance for 13 property coverages allows insurance dollars to be used where they are needed most following a loss. subject to underwriting, the blanket limit can be increased to $1 million or $2 million. smaller firms that don’t need these high limits can opt for a $250,000 blanket limit. among the 13 coverages included in the blanket are valuable papers, leasehold interest in undamaged tenant’s improvements and betterments and leasehold interest in eDP equipment, important protections for law firms.

Employment Practices Liability

endorsed by the american bar association as the preferred product for its members since 1997, chubb’s ABA Employers EdgeSM policy is available to any size law firm. The policy provides protection for employment-related exposures, including harassment, discrimination, wrongful termination and retaliation, as well as third-party claims for harassment and discrimination.

Impairment of Computer Services

This contract in Customarq for Law Firms’ package policy addresses the emerging first-party exposures presented by the internet. impairment of computer services insures against an illegal or malicious entry into electronic data or systems, an important feature for law firms, considering their increasing reliance on computers to manage business activities and client information.

Business Income

in Customarq for Law Firms, our flexible business income definition reflects the way each firm generates revenue, such as billable hours, fees for services or other sources of income. business income protection includes an unlimited period of indemnity, worldwide dependent business premises, lessor-tenant relocation expenses and extra expense.

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Lawyers Professional Liability

ChubbPro Lawyers Professional LiabilitySM policy provides protection for small and large law firms on a claims-made basis. Features include a policy form with broad definitions of “professional services,” “wrongful act” and “loss.” Punitive damages are insured, where permitted by law. The insured also has choice of defense counsel. chubb has been providing lawyers professional liability insurance for more than 20 years.

Worldwide Coverage Territory

With Customarq’s global extension, we can insure domestic and foreign exposures under one policy, and our network of offices in more than 26 countries means we can provide seamless insurance protection and service for your clients wherever they do business.

Service

chubb’s reputation for claim service is legendary in the industry, and our loss control and appraisal professionals provide unparalleled services tailored to the particular needs of law firms. These services include access to disaster recovery counsel, a library of risk management tools and publications, on-site consultations, educational seminars and self-audit manuals.

Financial Stability

chubb receives consistently high ratings for financial strength from a.M. best, Moody’s and standard & Poor’s, the leading independent analysts for the insurance industry.

And the #1 reason why your law firm clients need Chubb is:

One-stop Shopping

chubb is a “one-stop shop” with products and services tailored to respond to the specific needs of law firms. in addition to our hallmark package, lawyers professional liability and employment practices liability policies, we can write commercial automobile, workers compensation, boiler & machinery, accident, umbrella/excess, fiduciary, crime, kidnap/ransom/extortion, management liability and mail insurance.

Chubb Group of Insurance Companies | www.chubb.com

chubb refers to the insurers of the chubb Group of insurance companies: Federal insurance company, Vigilant insurance company, Great northern insurance company, Pacific indemnity company, northwestern Pacific indemnity company, Texas Pacific indemnity company, executive risk indemnity inc., executive risk specialty insurance company, chubb custom insurance company, chubb indemnity insurance company, chubb insurance company of new Jersey, chubb national insurance company, chubb Lloyds insurance company of Texas. not all insurers do business in all jurisdictions. This literature is descriptive only. actual coverage is subject to the language of the policies as issued.

Form 80-01-0052 (rev. 10/14)

Talk to your Chubb underwriter for more details on how we can provide a state-of-the-art insurance program that meets the same high standards law firms set for themselves.

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