• Protection from demands, suits or proceedings for damages or injunctive relief.
• Policy may be written as either a “claims made” or “claims made and reported”; and a “duty to defend” or “non-duty to defend” basis.
• Responds to licensing proceedings for in-house attorneys to practice law.
• Deals with compliance for SOX.
• Provides defense against claims alleging wrongful acts.
• Wrongful acts and claim definitions are expanded and broad.
• Extends to pro-bono or moonlighting work done by in-house lawyers.
• Includes full-time on-staff attorneys and contract and independent contract lawyers and support staff members.
• Advance of defense costs, even if allegations are found to be groundless.
• Coverage extends globally.
• Coverage for non-client claims.
• Coverage for SEC and regulatory claims.
• Punitive damages coverage.
• Covers claims from coworkers that arise out of the attorney’s work at the organization.
• Covers costs for claims brought by the employer, board of directors and officers.
