Attorneys » XL - Greenwich

Greenwich Insurance Company, a member of XL Capital, Ltd., is rated A (Excellent) VX by AM Best. The Greenwich policy form offers a number of unique features that make it an attractive option for lawyers and law firms nationwide. Consider the following:

  1. Input into the selection of defense counsel;
  2. Consent to settle clause;
  3. Broad definition of covered "Professional Services" including in addition to services rendered as a lawyer those performed in the following capacities:
    • Member of a bar association, ethics, peer review, accreditation, licensing or other similar board, committee or organization;
    • Fiduciary, i.e., administrator, conservator, guardian, receiver, executor, trustee or similar fiduciary capacity, so long as such services are performed in connection with an incidental to the practice of law;
    • Arbitrator or mediator;
    • Presenter, publisher or author of legal research papers or articles;
    • Notary Public; and
    • Title Agent.
  4. Supplemental coverages including:
    • Coverage of up to $500 per attorney per day for earnings lost due to attendance at a trial, hearing or arbitration of a claim, subject to a maximum of $5,000 per claim and $25,000 for the entire policy period;
    • $30,000 coverage for the defense of disciplinary proceedings; and
  5. Innocent insured exception to the intentional acts exclusion;
  6. Up to 10% ownership allowance as an exception to the outside interests exclusion;
  7. 30-day claims reporting grace period;
  8. Extended Reporting Period ("tail coverage") endorsement options for 1, 3, 5 and 7 year periods calculated at 100%, 185%, 225% and 250% of expiring premium, respectively.
  9. Free tail coverage for sole practitioners who:
    • have been insured with XL for at least 4 consecutive years and have attained at least 55 years of age;
    • become totally and permanently disabled during the policy period; or
    • pass away during the policy period;

The foregoing provides selected policy highlights only. Please refer to the policy form itself to determine the full scope of coverage.