 | Coverage is available with claims expenses either inside or
outside the policy limits. Limits in New Mexico limits are
automatically outside the policy limits. |
| The standard deductible is an aggregate deductible (i.e., a
single deductible for all claims within a policy year). A per claim
deductible is available for a reduced premium. A "First Dollar
Defense Deductible" where NO deductible is paid for defense costs) is
also available for an additional premium. |
| Arbitration Proceedings brought against the insured are
covered under the definition of a claim. |
| Innocent Insured coverage is afforded insureds by waiving
the exclusion that otherwise would exclude coverage based on criminal,
dishonest, fraudulent, or malicious conduct pertaining to an "innocent
insured". |
| A Liberalization Clause exists so that insureds get the
benefit of any broadened coverage applied without additional premium during
the policy period. |
| Outstanding definition of "Insured", including:
 | No lateral hire limitation, unless the firm requests it
or the associate is ineligible for full coverage. |
| Coverage for former attorneys for work on behalf of the
firm, or coverage for all services if they retired while the CNA policy
was in force. |
| Coverage for Of Counsel attorneys at reduced or no cost
depending on the hours worked. |
| Attorneys added mid-term are automatically
covered. |
|
| Extended Reporting Period Endorsement options include:
| The Named Insured has 60 days to purchase in the event
either the insured or CNA cancels or non-renews the policy.
(One year at 100% up to unlimited at 250% of the last annual
premium). |
| No additional charge for tail for any Insured for death or disability, and
for retirement at any age after 3 years with CNA. |
|
Limits
of Liability for the tail are reinstated if the policy was not
terminated or non-renewed by the company. |
| Free automatic 60 day extension to report claims if
coverage is not replaced. |
|
| Easy
Renewal with CNA: virtually automatic if no change to 8 simple questions. |
| Up
to $500 per day (Maximum benefit $15,000 per insured/$30,000 aggregate) included for no additional premium
for the insured
required attendance at a trial, hearing or arbitration proceeding involving
a claim against the insured. |
| Up
to $20,000 included for no additional premium for the defense of disciplinary
proceedings. If No Liability determined,
the limit is increased to $100,000. |
