Overview of the Program from ExecutivePerils, Inc.
ExecutivePerils, Inc. offers a dedicated Legal Malpractice program designed for independent agents and brokers who place professional liability for law firms and individual practitioners. The program provides flexible limits, broad optional coverages, and access to numerous admitted and non-admitted carriers. It’s structured to handle a wide range of firm types—from solo practitioners to multi-attorney firms—while allowing tailored terms for transaction-heavy practices, litigation boutiques, and specialty niches.
Ideal Accounts and Appetite
This program is a strong fit for:
- Solo attorneys and small firms (1–10 attorneys) seeking robust prior-act and extension options
- Mid-size firms (10–75 attorneys) with mixed transactional and litigation exposures
- Specialty practices—real estate, estate planning, corporate/transactional, immigration, family law, and trusts/estates—where limits and endorsements are important
- Retired attorneys or firms seeking coverage for acts performed while an attorney was with the firm
Accounts that may not fit include firms with frequent high-severity judgments, pervasive regulatory or disciplinary issues, or unmanaged cyber and data security exposures unless appropriate controls are in place. Large national firms with complex, multinational exposures may require placement outside this program.
Coverage Highlights and Advantages
Key features available through ExecutivePerils’ Legal Malpractice program include:
- Limits available up to $50,000,000
- Automatic coverage for attorneys who join the firm during the policy period
- Coverage for retired or former attorneys for acts performed while with the insured
- Punitive damages coverage available (where insurable by law)
- Deductibles as low as $2,500
- Personal Injury coverage options
- Optional Employment Practices Liability (EPL) coverage
- Non-cancelable policy language available except for non-payment
These options let you tailor proposals for clients who need higher limits, prior-acts protection, or combined professional and employment liability solutions.
Underwriting Notes and Minimum Premiums
Underwriters on this program will typically review:
- Claims history and open/closed matters
- Practice areas and revenue mix (transactional vs. litigation)
- Risk management controls, engagement letter use, and conflict screening
- Prior acts retroactive date needs and tail/extended reporting period requests
- Entity structure, use of consultants, and outsourced services
Minimum premiums and final pricing depend on firm size, revenue, class of business, limits, and state. ExecutivePerils works with numerous carriers to place accounts competitively—contact the underwriting team for specific minimum premium information and target pricing.
Territories and Availability
The Legal Malpractice program is available in the following states and territories:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work with ExecutivePerils, Inc. for Legal Malpractice
ExecutivePerils combines access to a broad carrier panel with focused underwriting for law firms. The program’s strengths include higher available limits, flexible prior-acts and retired-attorney wording, and optional EPL and personal injury coverages that let you build consolidated solutions for clients. For agents, that means fewer submissions to multiple markets and faster comparative quotes for common law-firm scenarios.
Example Accounts
- You might have a five-attorney real estate and estate-planning firm seeking $2M/$4M limits, prior-acts coverage, and low deductible options—this program can often offer competitive terms with prior-acts protection.
- A solo practitioner who recently joined a two-attorney firm and needs automatic coverage for the new hire and protection for prior work could also be placed through this program with endorsements tailored to the change in staffing.
Frequently Asked Questions
What types of law firms are a good fit for this ExecutivePerils Legal Malpractice program?
The program fits solo attorneys, small and mid-size firms, and many specialty practices—especially those needing robust prior-acts protection, retired-attorney coverage, or higher limits up to $50M. Complex national firms with international exposures may need alternate markets.
Can new attorneys be added to the policy automatically?
Yes. The program includes automatic coverage for attorneys who join the firm during the policy period, which simplifies handling mid-term staffing changes.
Is employment practices liability available with this program?
Optional EPL coverage is available and can be packaged with legal malpractice to create a more comprehensive liability solution for firms concerned about employment-related claims.
How do I find specific minimum premium and availability for a state?
Minimum premiums vary by carrier, state, and account characteristics. Submit your client’s application or contact ExecutivePerils’ underwriting team through your usual CompleteMarkets submission flow for state-specific minimums and target terms.
Need help placing an account? Connect with a market specialist.