Corporate or Employed Counsel Professional Liability Insurance

Corporate lawyers are protected under their employers’ professional liability policy for any professional liability claims that result from their corporate responsibilities. However, they are not protected when they provide professional services not directly related to their employers' business interests. They may also be exposed if their employer becomes insolvent or the employer’s professional limits are used up by paying other claims. This coverage fills that gap and covers the employed lawyer when he or she provides advice to others for a fee, gives casual advice to friends and other employees, does work for friends and relatives at no charge, performs other non-employer-related exposures, and if defense and coverage is needed because the employer’s coverage is not available.