MDW Insurance Products

• Lawyers Professional Liability Coverage and E&O
• Lawyers Professional Liability Coverage and E&O for Employed Lawyers
• Employment Practices Liability Insurance
• Management Liability / D&O
• VIP Personal Lines Coverage for Lawyers

• Court Bonds for Law Firms and Law Firm Clients
• Property and Casualty Coverage
• Employee Benefits
• Group Excess and Umbrella and Auto coverage
• Crime Coverage

Lawyers Professional Liability Coverage and E&O for Law Firms

A law firm can be damaged financially from a malpractice lawsuit, and its brand reputation can be irreparably harmed from the publicity of a claim. It is important for the law firm to have a policy that is tailored to meet its needs including the ability to control the defense of potential malpractice claims. Depending on a firm’s practice areas and its prior loss experience, this coverage can be a significant cost and very time consuming for the management of a law firm. Firms require expert advice in order to obtain proper limits of liability and the best terms and conditions.

MDW-Law has long standing relationships with the global Lawyers Professional Liability marketplace. Our professionals are experts in this area and are committed to providing the highest level of client service. Back to Top ↑

Lawyers Professional Liability Coverage and E&O for Employed Lawyers

In today’s difficult economic environment, in-house attorneys are becoming targets of malpractice claims. In-house attorneys often overlook the necessity for this coverage and the need to carry adequate limits. MDW-Law can provide coverage solutions for lawyers employed by non-law firm entities. Back to Top ↑

Employment Practices Liability Insurance for Law Firms

Claims involving employment issues comprise a significant amount of today’s civil litigation. No organization is immune from employment practices liability litigation. Law firms are a unique business structure with many individuals in supervisory roles outside of the purview of firm management. This coverage is important and should encompass such issues as discrimination, sexual harassment, wrongful termination, failure to make partner and third party liability. Back to Top ↑

Management Liability / D&O

The demands of running a law firm and also providing professional services to clients, often require that the firm delegate management responsibility to specific lawyers in the firm. This corporate management structure exposes the partners and shareholders to many of the same liability risks faced by the directors and officers of corporate entities. Like corporate entities, law firms require specialized insurance for the decisions they make in the day-to-day management of their business. Management Liability Insurance policies include coverage for claims brought by partners not involved in the firm’s management. These coverages include insurance for claims of mismanagement or negligence in the day-to-day business decisions made by the firm’s management committee or executive officers, as well as coverage for partnership agreement and compensation disputes. Back to Top ↑

Crime Coverage for Law Firms

Surprisingly, many law firms either overlook this coverage or carry inadequate limits. Law firm trust accounts can hold significant amounts of money. It is important that a law firm be properly protected in the event that money is embezzled or improperly distributed by a firm employee. These losses can take place over a long period of time and are sometimes difficult to discover. In a difficult economy, these losses are becoming more common. Law firms must carry a policy that properly responds to these losses by providing an indemnity for the loss, and the costs to investigate the loss. Back to Top ↑

Court Bonds for Law Firms and Law Firm Clients

MDW-Law can assist law firms and their clients procure bonds for a wide range of uses including Admirality, Appellate, Probate, Litigation, Bankruptcy, Real Estate, Construction, and Commercial Lines. MDW-Law has access to a number of Surety Companies that will satisfy your bonding requirement. Back to Top ↑

Property and Casualty Coverage for Law Firms

MDW-Law works with law firm clients to provide comprehensive coverage for the exposures a law firm faces related to premises and operations. Lawyers need adequate insurance protection while in the office or traveling anywhere in the world.

Additionally, windstorm coverage for Florida law firms is a significant challenge. We work closely with firm management to tailor coverages that adequately transfer risk to protect a law firm’s finances both before a loss and after a loss. We recognize that most firms depend on billable hours for revenue, and insurance policies must respond to the interruption of billable hours. In recent years, technology has played an increased role in a firm’s ability to protect and access documents remotely. This has made it easier for firms to continue normal operations after a loss and better manage risk.

Other necessary and important coverage for a law firm include workers compensation, fiduciary liability, foreign package, and kidnap and ransom. Back to Top ↑

Employee Benefits for Law Firms

Law firms are not immune to the constantly rising cost of employee benefits. Our team provides a wide range of consultative and brokerage services to help you provide competitive benefits and manage costs. We can design a creative benefits program to meet a law firm’s needs. Of equal importance, is our role in claims advocacy to minimize the time a legal professional must spend understanding how a claim will be paid or a medical service will be provided.

Our products and services include but are not limited to:

• Review your existing benefit program and assess the feasibility of first dollar or self insured plans
• Evaluate benefit providers based on premium levels, plan design, and network match
• Negotiate with group medical, dental, vision, LTD and AD&D providers
• Enroll employees and their dependents into available benefit options through the use of traditional enrollment, online enrollment, or a combination
• Respond to employee questions or concerns regarding their group benefits. We are available to all your employees, anywhere in the world, through our 800 phone number
• Distribution of all the necessary plan materials, enrollment and claim forms, provider directories, benefit summaries, and summary plan descriptions
• Assistance in completing IRS 5500 filing
• COBRA administration
• Section 125/Cafeteria plan
• Wellness programs
• Advise law firms and broker Long Term Care, Life, and Disability products
• Design and provide Deferred Compensation plans
• Retirement Plan Management and Design including 401(k)
• Human resource assistance including sample HR policies and procedures, performance evaluations and consultations on HR questions Back to Top ↑

Group Excess and Umbrella and Auto coverage for Law Firms

Lawyers typically carry their own personal umbrella and automobile policies. MDW-Law recommends that where appropriate, law firms should consider purchasing excess/umbrella and auto policies on a group basis on behalf of the individual attorney. On a group basis these policies provide a significant individual benefit to the attorney with the advantage of group pricing and underwriting. Back to Top ↑

VIP Personal Lines Coverage for Lawyers

Personal coverage, including homeowners insurance, can be a time consuming and frustrating challenge for a lawyer. MDW-Law provides VIP service to the lawyers and employees of our client firms. MDW-Law has access to the leading homeowners and other types of insurance carriers. Our VIP Client Manager will work closely with law firm members to ensure that their personal assets have the best coverage available. Back to Top ↑