Professional Liability Coverage for:
Defense of Disciplinary Actions – up to $25,000 per policy period for the defense of disciplinary actions.
Subpoena Expenses – up to $7,500 per policy period for expenses incurred in assisting the Insured in responding to a subpoena which is received and reported in writing to the Company during the policy period and relates to professional services.
Other Payments – Company will reimburse the Insured for actual loss of earnings and reasonable expenses incurred for attendance at trial, court-ordered hearings, depositions, arbitration or mediation at the Company’s request. Expenses incurred are limited to $500 per day, $7,500 per claim and up to $25,000 per policy period.
Please be advised that the above titles, headings, definitions, terms and descriptions are for illustrative purposes only and are not a contract. Please refer to the actual policy and all endorsements for a complete description of coverage as certain Conditions & Exclusions apply.
Submission Requirements for NY, NJ, CT, and PA:
Very Important. Coverage cannot be bound until all required documentation, together with the premium due, is received, reviewed, and accepted by Underwriters. Coverage cannot be back-dated, so please make sure that your information is submitted on a timely basis. All submissions are individually underwritten to determine program eligibility and terms.
Questions? Call 914.592.6505