Errors and omissions coverage for securities practice, including private placements, where disclosure adequacy and exemption compliance drive high-severity exposure. A+ rated paper, limits to $5M.
Each practice generates claims in characteristic ways. Coverage is evaluated against the exposures specific to the work.
Offering documents are judged in hindsight after a deal fails. An omitted or inadequate disclosure is a common basis for investor and client claims.
Reliance on the wrong exemption, or a failed Regulation D condition, can render an offering non-compliant with significant consequences.
Legal opinions and diligence in offerings carry direct exposure; a flawed opinion can become the focus of a claim when losses occur.
Hypothetical, generic illustrations — not actual claims, and not a statement of coverage.
An offering document omission surfaces after a deal fails, and investors or the client allege inadequate disclosure.
A Regulation D condition is not met, and the client alleges the offering was rendered non-compliant.
A securities opinion is challenged after losses, and the client alleges resulting liability.
Scenarios on this page are generic, hypothetical illustrations of the kinds of allegations that can arise in this practice. They are provided for educational purposes only. They are not descriptions of actual claims and are not a representation that any particular claim is, or would be, covered. Whether any claim is covered depends entirely on the facts and the terms, conditions, and exclusions of the issued policy.
Coverage for securities attorneys is written on paper rated A+ (Superior) by AM Best, with limits to $5 million and deductibles from $2,500. Defense-cost provisions vary by policy. Terms, conditions, and exclusions are governed by the issued policy.
Written on carrier paper rated A+ (Superior) by AM Best.
Available for firms of one to twenty attorneys.
Defense-cost provisions vary by the issued policy.
1-855-348-7475 for underwriting and service.
Securities practice is eligible under the program, subject to underwriting. Coverage addresses the disclosure- and exemption-driven exposures of the practice.
Lawyers professional liability insurance — legal malpractice or errors and omissions coverage — responds to claims that an error, omission, or act of negligence in professional legal work caused a client financial harm. For securities attorneys, the exposures identified above determine the frequency and severity of claims. The policy responds to defense costs and to damages, subject to its terms.
Coverage is written claims-made and reported: it responds to claims first made during the policy period for work performed on or after the retroactive date. Prior acts and predecessor firm terms determine the treatment of prior work. Continuity of coverage should be maintained to avoid gaps.
Indemnity depends on the insurer's financial condition. This program is written on paper rated A+ (Superior) by AM Best. Coverage descriptions on this page are summaries qualified in their entirety by the issued policy, which governs.
Errors and omissions coverage for firms of up to 20 attorneys, nationwide. A+ rated paper.
