Cyber
This cyber threat saw a 64% increase in 2023, with 51% of attacks using both encryption and data exfiltration tactics.
What is ransomware?
This term describes an act, error, or omission that took place before the policy’s inception but is still covered.
What is a prior acts provision?
An LPL policy typically won’t cover this type of dishonest or criminal act by an insured attorney.
What is intentional misconduct (or criminal acts)?
The federal agency that enforces laws against workplace discrimination.
What is the Equal Employment Opportunity Commission (EEOC)?
$100 This type of insurance protects company executives against personal loss due to lawsuits alleging wrongful acts in their managerial roles.
D&O
This ransomware group was taken down in early 2024 but attempted to reestablish itself with a new leak site.
Who is Lockbit
This is the most common type of claim across miscellaneous professional services, often stemming from simple missteps or oversights in service delivery.
What is a negligence claim?
This extended coverage option allows claims to be reported even after the policy period ends.
What is an extended reporting period
What is the Equal Employment Opportunity Commission (EEOC)?
What is wrongful termination?
This Side of the D&O policy responds when the company is legally or financially unable to indemnify its executives.
Side A
In 2023, the largest paid ransom in the SME category reached this amount.
What is $40 million?
Failing to deliver services within a promised timeframe often results in this kind of professional liability allegation.
What is a breach of contract claim?
If an attorney represents both sides in a divorce without disclosure, this type of risk arises.
What is a conflict of interest?
Claims alleging failure to provide reasonable accommodations may be brought under this federal law.
What is the Americans with Disabilities Act (ADA)?
This government agency often initiates investigations or enforcement actions that trigger D&O claims, especially for public companies.
What is the Securities and Exchange Commission (SEC)?
As of 2025, this many U.S. states have passed comprehensive consumer privacy laws.
18
When a claim is groundless but still expensive to resolve, this part of the policy kicks in.
What is defense costs coverage?
LPL policies often exclude this type of damages meant to punish, not compensate.
What are punitive damages?
A female employee claims a manager offered her a promotion in exchange for romantic favors. The legal term for this is...
What is quid pro quo harassment?
When a shareholder sues company leadership on behalf of the company, it’s called this type of lawsuit.
What is a derivative lawsuit?
As of 2024, this many U.S. states have passed comprehensive consumer privacy laws.
What is remote access exploitation (especially self-managed VPNs)?
This claim resolution method is often used to settle disputes outside of court and may be contractually required.
What is arbitration?
This common trigger for an LPL claim occurs when an attorney misses this key procedural deadline.
What is a statute of limitations?
This is the most common type of claim filed under an EPL policy.
What is wrongful termination?
Private companies are more likely to face D&O claims from these two groups.
What are employees and competitors?