Employed Lawyers Professional Liability

As cost-conscious companies have in-house counsel perform services traditionally delegated to outside law firms, corporate attorneys face increasing liability exposures, especially to non-client third parties. The Public Company Accounting Reform And Investor Protection Act of 2002 (Sarbanes-Oxley Act) has increased the legal community's awareness of liability issues as well. Chubb understands the unique risks faced by in-house attorneys, and we developed our Employed Lawyers Professional (ELP) Liability Insurance program to provide broad, responsive coverage for in-house counsel in this changing environment.

Chubb's ELP Liability Insurance program is sponsored by the Association of Corporate Counsel (ACC), the largest organization of in-house counsel in the U.S.

The Chubb ELP policy includes the following coverage features:

• Coverage for claims by non-client third parties.
• Coverage for SEC and regulatory claims available.
• No deductible for claims not indemnified by the employer, and full reimbursement coverage (subject to a self-insured retention) for indemnified claims.
• Coverage for claims by coworkers for discrimination, harassment, or wrongful termination that arise out of the attorney's legal work for the company.
• Coverage for claims by individual employees the in-house attorney is assigned to represent.
• Defense cost coverage for claims brought by the employer, the board of directors, and officers.
• Coverage for employer-approved pro bono representations.

Please contact your agent or broker, or email csi-info@chubb.com with questions.

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