Employed Lawyers Liability Coverage Comparison

This document is a guide that outlines the differences between standalone employed lawyers professional liability insurance policies and endorsements to directors and officers (D&O) liability policies. It explains the necessity of having a separate employed lawyers liability policy to protect in-house attorneys and their employers from potential legal malpractice claims. The guide details how D&O policies often exclude professional services, leaving in-house attorneys without coverage for claims arising from their legal services. It emphasizes the importance of purchasing an employed lawyers professional liability policy, which offers specific protections for legal services rendered to the organization, personal legal services for executives, and pro bono work. Additionally, the document discusses the complexities faced by in-house attorneys in various legal matters, which increase the risk of errors and claims. The guide also includes a comparison table highlighting the coverage differences between standalone policies and D&O endorsements, focusing on insured persons, limits of liability, and exclusions.