Firemark - IP Lawyers Professional Liability

A professional liability insurance program for Intellectual Property law firms.

Whether dealing with copyrights, patents, trademarks or trade secrets, we help protect your clients here and abroad.

 

Unlike most areas of legal practice, intellectual property law leaves attorneys open to potential malpractice claims on a global scale.  Not only can intellectual property law practitioners be sued for their own acts or omissions, they can also face suit for acts performed on their behalf in other countries by other agents or attorneys.  Substantial amounts of money are at stake.

We understand it’s crucial for IP practitioners to be on top of legal developments not only in the U.S. but also internationally.  With extensive experience handling this type of business, we provide tailor-made insurance solutions incorporating the best legal malpractice coverage and features under one policy – keeping the needs and concerns of your clients top-of-mind.

Firemark, part of the Amwins Underwriting division, was formed to provide insureds with the broadest coverage possible for the ever-changing legal profession.  Firemark is distributed through a select group of retail brokers, many of whom have supported the program since foundation. 

Specialization matters.  We’re on your team, getting the job done.


Eligible accounts

  • Law firms with 5% or more areas of practice in intellectual property or at least 1% patent
  • Law firms with 1-40 attorneys
  • Attorneys must be admitted for at least two years


Program highlights

  • Broad definition of "professional services"
  • Alternative Dispute Resolution (ADR)
  • Additional loss mitigation provisions
  • Coverage extensions
    - First party cyber liability – $25,000
    - Discrimination complaint regulatory coverage – $25,000
    - Supplementary claims expenses coverage – $100,000
    - Not-for-profit directorships coverage – $15,000 per claim / $30,000 per policy period
    - Reputation protection coverage – $10,000 per claim / $30,000 per policy period
  • Electronic media coverage
  • Predecessor coverage


    For additional information regarding our specialized professional liability program for intellectual property law firms, visit thefiremark.com.


    Intellectual Property Lawyers Professional Liability
    Program details


    Availability

    The program is available in all U.S. states

     

    Limits

    Up to $2,000,000/$4,000,000 and $3,000,000/$3,000,000 each loss/aggregate


    Carrier

    • Rated "A+" (Superior) XV
    • Non-admitted (admitted in CT, NY, and TX)

    Contact Us

    David Collins, Esq.
    Senior Vice President
    Worldwide Professional Liability Programs
    908.295.4885 david.collins@amwins.com