Joint initiative will provide legal liability coverage
IronPro, the professional liability division of Ironshore Inc, has entered into a joint relationship with Jardine Lloyd Thompson (JLT) Facilities, Inc. to offer Lawyers Professional Liability (LPL) Insurance. IronPro’s new Lawyers Professional Liability Program will be administered and underwritten by JLT Facilities on an admitted basis on behalf of Ironshore for law firms in selected states nationwide.
“IronPro recognizes the largely unmet demand within the legal community to secure broad liability coverages amongst small- to mid-size law firms,” said Tom Monaghan, Senior Vice President of IronPro. “Our new partnership with JLT Facilities expands our distribution and underwriting of law firms by targeting this segment. IronPro’s Lawyers Professional Liability product will provide an insurance solution for those firms in need of comprehensive professional liability protection.”
IronPro’s Program with JLT is structured for law firms ranging in size from 1 to 25 attorneys, and its broad definition of professional legal services includes notary public and title insurance agent professionals. Policy deductible options are available at zero dollar and aggregate levels. Optional extended claims reporting periods can range from one to five years or on an unlimited basis. Extended reporting also can be incorporated into program policies relating to death, total and permanent disability, and for retiring attorneys if the individual has been an insured for a continuous 3-year period.
“In expanding our program management business, we continue our efforts to identify core trading partners, such as IronPro that has demonstrated its commitment to professional program management,” said Craig Darling, President and CEO, JTL Facilities, Inc.
“JLT Facilities is well-positioned to become the prominent small attorney program manager in the United States.”