By PR Newswire
LAKEWOOD RANCH, Fla., Jan. 28, 2021 — 360 Coverage Pros announced the expansion of its Lawyer Malpractice Insurance Program to two new states: Texas and Illinois. The program was already available in Georgia.
The program’s entry into Texas and Illinois follows its successful 2017 Georgia launch. Texas and Illinois are two of the largest legal marketplaces in the United States, with approximately 100,000 and 95,000 attorneys, respectively.
“Most of our top-rated Lawyer Malpractice Insurance carriers write business in these two states,” says Jake Healy, 360 Coverage Pros program manager. “This provides lawyers and law firms there with a broad array of insurance options, allowing them to mitigate their malpractice risks on a cost-effective basis.”
The lead underwriter for this Texas/Illinois Lawyer Malpractice Insurance offering is Berkley Insurance Company. 360 Coverage Pros had already achieved success distributing Berkley’s dental malpractice insurance in multiple states. Since Berkley was already licensed in Texas and Illinois and had competitive rates, it made sense to partner with the company for Lawyer Malpractice Insurance Program, Program Manager Jake Healy, said.
Founded in 1967, Berkley Insurance Company has an A+ (Superior) rating and an XV financial-size designation from A.M. Best. It also is an admitted carrier in both Texas and Illinois. Berkley’s various commercial lines insurance products are approved for sale in most to all states.
Lawyer Malpractice Insurance from 360 Coverage Pros provides comprehensive coverage options for attorneys in various practice settings, from sole proprietors to firms with up to 19 lawyers. The policy features coverage limits of up to $10 million with low retention (deductible) options.
“It’s important for Texas and Illinois attorneys to have professional liability insurance,” said Program Manager Jake Healy. “Without it, malpractice court judgments or settlements can end up coming out of a lawyer’s or law firm’s own pockets, creating financial hardship.”This was shared to Prittle Prattle News through a Press Release.
360 Coverage Pros uses innovative technologies to provide turnkey insurance solutions tailored to specific industries. Serving as the program administrator and provider for over 300 national associations and affinity groups, 360 Coverage Pros delivers unparalleled industry expertise and fast, easy access to insurance programs and services.
To learn more about the Lawyer Malpractice Insurance program in Texas and Illinois please visit https://www.360coveragepros.com/lawyer/malpractice-insurance.