Errors and omissions coverage for high-net-worth estate, trust, and probate practice, where the size of the estate magnifies the consequences of drafting, tax, and fiduciary error. A+ rated paper, limits to $5M.
Each practice generates claims in characteristic ways. Coverage is evaluated against the exposures specific to the work.
Ambiguity in a complex instrument may not surface until administration, often after the client's death, when intent can no longer be clarified. On large estates, the damages are correspondingly large.
Missed elections, defective GST or marital planning, and valuation errors carry substantial tax consequences on high-value estates.
Advice to trustees and executors on distributions, accountings, and investments draws claims from sophisticated, well-resourced beneficiaries.
Hypothetical, generic illustrations — not actual claims, and not a statement of coverage.
An ambiguity in a large trust surfaces in administration, and beneficiaries allege the drafting failed to capture intent, with correspondingly large stakes.
A defective GST or marital plan is alleged to have caused avoidable estate tax on a high-value estate.
A trustee acts on the firm's advice and beneficiaries allege a resulting breach and loss.
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 high net worth estate 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.
High-net-worth estate and trust practice is eligible under the program. Coverage addresses the drafting-, tax-, and fiduciary-driven exposures that scale with estate size.
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 high net worth estate 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.
