Did you know Employed Lawyer’s Professional Liability coverage can be extended to provide coverage for moonlighting exposures or representations outside of the company as well?
An ELPL policy is generally written to provide protection for the personal assets of a corporate attorney against claims alleging legal malpractice.
Sarbanes-Oxley and Dodd-Frank have imposed heightened duties, and exposures, on the corporate attorney. While a D&O policy may provide some protection for the attorney, especially if the attorney is a director or officer, this coverage varies and is not absolute. Purchasing an ELPL policy eliminates the potential gap in coverage in a D&O Policy, and covers a corporate attorney in their own right.