The Hartford, Target Insurance Services Offering New Lawyers Professional Liability Product

Law firms, like the juries they must convince, are always making decisions. Some decisions require lengthy deliberation, but not the need for broad lawyers professional liability protection. The introduction of a new Lawyers Professional Liability Program (LPL) from The Hartford Financial Services Group Inc. and Target Insurance Services, has reportedly simplified the choice.

The new program provides broad coverage customized to the needs of each law firm. This reportedly gives lawyers the confidence to concentrate on their clients’ issues with the knowledge that their liability protection is designed to meet their needs.

The program is underwritten by The Hartford’s Hartford Financial
Products division (HFP), a writer of professional liability and other
management liability products. It is sold through Target Insurance Services, a countrywide program administrator-managing general underwriter with experience handling lawyers professional liability coverage. The policy is available from any agent through Target.

The stand-alone policy provides broad protection that can be customized to meet the specific needs of an individual law firm.

Features include:

* Coverage for lawyers who are independent contractors;
* Extended Reporting Period (ERP) available that follows lawyers into retirement;
* Individual ERP option to protect individual lawyers if their law firm
dissolves;
* Unlimited ERP option;
* Coverage for Bar Association-related activities;
* Reduced deductible for firms that agree to settle issues through
arbitration or mediation.

For further information, contact Scott Williams at swilliams@target-capital.com 800-692-5752 ext. 133, or Shawna Reidy, 800-692-5752 ext. 114 sreidy@target-capital.com, or visit http://www.target-capital.com.