business insurance
Customarq for Law Firms
TOP 10 REASONS WHY...
Law firms know how to provide superior service to their clients. “Doing the research” and “sweating
the details” are hallmarks of the top firms. When it comes to insurance, these firms expect a property
and liability program that recognizes the special needs of law firms and reflects the same high level of
dedication to detail. Chubb underwriting specialists are experienced in the intricacies of law firms and
work with you to help protect your clients’ assets and operations wherever in the world they are located.
No wonder more than 90 percent of the top 200 law firms listed in The American Lawyer magazine’s
“Am Law 200” choose Chubb!
Here are the top 10 reasons why Chubb should be your choice.
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Lessors of Premises and Equipment
Customarq for Law Firms’ general liability contract automatically includes lessors of premises and
equipment as insureds, an important feature for law firms that lease their office space or electronic
systems.
Automatic Blanket Limit
Customarq for Law Firms’ $500,000 automatic blanket limit of insurance for 13 property coverages
allows insurance dollars to be used where they are needed most following a loss. Subject to
underwriting, the blanket limit can be increased to $1 million or $2 million. Smaller firms that don’t
need these high limits can opt for a $250,000 blanket limit. Among the 13 coverages included in
the blanket are valuable papers, leasehold interest in undamaged tenant’s improvements and
betterments and leasehold interest in EDP equipment, important protections for law firms.
Employment Practices Liability
Endorsed by the American Bar Association as the preferred product for its members since 1997,
Chubb’s ABA Employers EdgeSM policy is available to any size law firm. The policy provides
protection for employment-related exposures, including harassment, discrimination, wrongful
termination and retaliation, as well as third-party claims for harassment and discrimination.
Impairment of Computer Services
This contract in Customarq for Law Firms’ package policy addresses the emerging first-party
exposures presented by the Internet. Impairment of computer services insures against an illegal or
malicious entry into electronic data or systems, an important feature for law firms, considering their
increasing reliance on computers to manage business activities and client information.
Business Income
In Customarq for Law Firms, our flexible business income definition reflects the way each firm
generates revenue, such as billable hours, fees for services or other sources of income. Business
income protection includes an unlimited period of indemnity, worldwide dependent business
premises, lessor-tenant relocation expenses and extra expense.
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Lawyers Professional Liability
ChubbPro Lawyers Professional LiabilitySM policy provides protection for small and large law
firms on a claims-made basis. Features include a policy form with broad definitions of “professional
services,” “wrongful act” and “loss.” Punitive damages are insured, where permitted by law.
The insured also has choice of defense counsel. Chubb has been providing lawyers professional
liability insurance for more than 20 years.
Worldwide Coverage Territory
With Customarq’s global extension, we can insure domestic and foreign exposures under one policy,
and our network of offices in more than 26 countries means we can provide seamless insurance
protection and service for your clients wherever they do business.
Service
Chubb’s reputation for claim service is legendary in the industry, and our loss control and appraisal
professionals provide unparalleled services tailored to the particular needs of law firms. These
services include access to disaster recovery counsel, a library of risk management tools and
publications, on-site consultations, educational seminars and self-audit manuals.
Financial Stability
Chubb receives consistently high ratings for financial strength from A.M. Best, Moody’s and Standard
& Poor’s, the leading independent analysts for the insurance industry.
And the #1 reason why your law firm clients need Chubb is:
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One-stop Shopping
Chubb is a “one-stop shop” with products and services tailored to respond to the specific needs
of law firms. In addition to our hallmark package, lawyers professional liability and employment
practices liability policies, we can write commercial automobile, workers compensation, boiler &
machinery, accident, umbrella/excess, fiduciary, crime, kidnap/ransom/extortion, management
liability and mail insurance.
Talk to your Chubb underwriter for more details on how we can provide a state-of-the-art
insurance program that meets the same high standards law firms set for themselves.
Chubb Group of Insurance Companies | www.chubb.com
Chubb refers to the insurers of the Chubb Group of Insurance Companies: Federal Insurance Company, Vigilant Insurance Company,
Great Northern Insurance Company, Pacific Indemnity Company, Northwestern Pacific Indemnity Company, Texas Pacific Indemnity
Company, Executive Risk Indemnity Inc., Executive Risk Specialty Insurance Company, Chubb Custom Insurance Company, Chubb
Indemnity Insurance Company, Chubb Insurance Company of New Jersey, Chubb National Insurance Company, Chubb Lloyds
Insurance Company of Texas. Not all insurers do business in all jurisdictions. This literature is descriptive only. Actual coverage is
subject to the language of the policies as issued.
Form 80-01-0052 (Rev. 10/14)